Paintbox Birmingham Limited (03292592): administration
- Status
- Administration ended
- Administration began
- 2020-06-26
- Administrators
- Mark Granville Firmin, Paul Andrew Flint
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Adac Limited; Ingleby (953) Limited
- Incorporated
- 1996-12-16
- Location
- Brighton
- Industry
- 29320 Manufacture of other parts and accessories for motor vehicles
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Parent or group failure
- Competition / price pressure
- Sustained trading losses
From the administrators' statement
Paintbox Birmingham Limited was incorporated 16 December 1996, at which point it began trading. It is a supplier of advanced paint solutions, primarlly to tier one arid Original Equipment Manufacturers (“OEM’s”) within the automotive industry. It operates from a leased premises in Kings Norton, Birmingham. At the date of appointment, the Company had 137 employees.
The Company is owned by Paintbox Group Limited and operated as a subsidiary supplying painted products to specific customers. Unfortunately the volumes achieved meant the Company was struggling to achieve viability pre-COVID-19 and, unfortunately, the further drop in volumes caused by the pandemic meant the Company could not survive.
Funding and financial position of the Company
Administrators' statement of proposals (2020-09-03) · Companies House register