# Axminster Tool Centre Ltd (03326979)

> Why UK company 03326979 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03326979

- **Status:** In administration
- **Administration began:** 2025-10-21
- **Administrators:** Alistair Gareth Wardell, Richard Lewis
- **Administrators' firm:** Grant Thornton
- **Formerly:** Axminster Power Tool Centre Limited; Styles and Brown Limited
- **Incorporated:** 1997-03-04
- **Location:** 1 Oxford Street
- **Industry:** 46620 Wholesale of machine tools

## Why it went into administration

- Sustained trading losses
- Weak consumer demand
- Cash flow / liquidity pressure

## From the administrators' statement

Nature of the Company’s business

The Company was incorporated on 4 March 1997. The trading activities of the Company were the import, manufacture, retail, and wholesale of machine and hand tools, with a strong emphasis on woodworking. It served a broad customer base that included trade professionals, businesses, and DIY/hobby enthusiasts.

There were 145 employees at the date of appointment.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03326979/filing-history/MzQ4NjcwNjE5OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03326979

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.