Bradford Cylinders Limited (03218915): administration
- Status
- Administration ended
- Administration began
- 2014-04-04
- Administrators' firm
- Mazars
- Formerly
- BCL Group Limited; Pinco 804 Limited
- Incorporated
- 1996-07-01
- Location
- Leeds
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Sustained trading losses
- Loss of a key customer, supplier or contract
- Pension deficit
- Competition / price pressure
From the administrators' statement
The Company’s customer base was made up of suppliers to the steel industry This industry has been tn decline in the last 3 to 4 years which has had an adverse impact on the business The Company had a strong loyal customer base which continued to place orders during the difficult trading period, however, in the last 2 years especially. trading levels have been below those required to generate sufficient profits
4/16
In addition, recently customers had started to look to source the goods previously provided by the Company from Europe instead, as the European countries were offering cut price quotes that the Company could not compete with Furthermore, two of the Company’s major customers withdrew, or reduced work provided on significant contracts which had a major impact on trading
Administrators' statement of proposals (2014-06-07) · Companies House register