Brimar Limited (03230282): administration
- Status
- Administration ended
- Administration began
- 2012-11-09
- Administrators' firm
- BDO
- Formerly
- Pumavale Limited
- Incorporated
- 1996-07-26
- Location
- Manchester
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The business has a long standing history of manufacturing valves and monochrome cathode ray tubes (“CRTs”) through its various guises since the early 1900s. The name “Brimar,” denved from Bntish Made American Radio Valve, was first registered and used in 1935
In 1986, when Thorn EMI Limited, Ferranti Limited and The Rank Organisation Limited merged, Rank Bnmar Limited (“RB”) became one of a group of compames of Rank Precision Industries (“RPI”). The Company had sites at Sidcup in Kent, and at Middleton, Greater Manchester The combined influence of these organisations steered the Company towards the application of CRT’s in military vehicle applications. In 1989, the Sidcup site was closed leaving the Middleton site the sole operator of the business, where the Company continues to operate today
In 1996, RPI was sold to a venture capital investor and the Company became Brmar Limited. Shortly after which there was a management buyout of the Company and Cintel Limited (“Cintel”), another company within the RPI group, valuing the two companies together at £64m
Administrators' statement of proposals (2013-01-04) · Companies House register