AE Aerospace Ltd (03286967): administration
- Status
- Administration ended
- Administration began
- 2021-10-04
- Administrators
- Richard David Tonks, Gareth Prince
- Administrators' firm
- Begbies Traynor
- Formerly
- Teamcrest Holdings Limited; Able Holdings Limited
- Incorporated
- 1996-12-03
- Location
- Birmingham
- Industry
- 30300 Manufacture of air and spacecraft and related machinery
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The following statement has been provided by Peter Bruch, Director.
"The company started trading on the 3% December 1996 as Able Holdings Ltd. It changed its name to Teamcrest Holdings Ltd on the 27° February 1997 and finally to AE Aerospace Lid on the 9" October 2012.
| have been employed by AE Aerospace since the 15” April 2013 and a shareholder and director since the 31% January 2014, 1am unable to comment on matters prior to this date.
Administrators' statement of proposals (2021-11-23) · Companies House register