Rical Investments Limited (03219166): administration
- Status
- In administration
- Administration began
- 2025-01-14
- Administrators
- Raj Mittal, Anthony John Wright, Clare Lloyd, Adam Henry Stephens
- Administrators' firm
- Evelyn Partners
- Formerly
- Waterson Services Limited
- Incorporated
- 1996-07-02
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
Rical was incorporated in April 1906 and has operated since its incorporation largely in the manufacturing industries, specialising in metal products. RIL and HA Light are property holding companies, incorporated in July 1996 and June 1929 respectively, for the properties at Graiseley Row and Woods Lane respectively.
Rical acquired several manufacturing businesses some years ago and incorporated these businesses into the Rical group. At the time of Rical’s administration it comprised six trading divisions within the UK: William Mitchell, Multiforms, Taurus, Fellows, Priory Products and Mitchell Grieve. A small US operation was closed down at the end of 2024.
Despite the financial restructure of the Rical group in 2020/2021 taking the group forward, Rical experienced challenging operational issues, with a downturn in the automative industry, compounded by a key customer reducing its orders.
Administrators' statement of proposals (2025-01-27) · Companies House register