AGM Batteries Limited (03479383): administration
- Status
- Administration ended
- Administration began
- 2024-01-19
- Administrators
- Michelle Marie Elliot, Ian James Corfield, Richard Bloomfield
- Administrators' firm
- FRP Advisory
- Formerly
- Hackremco (No.1293) Limited
- Incorporated
- 1997-12-11
- Location
- Stockton on Tees
- Industry
- 27200 Manufacture of batteries and accumulators
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 11 December 1997 to develop lithium-ion batteries.
It is understood that the Company began manufacturing lithium-ion batteries mainly for the defence sector.
The Company was acquired in 2013 by AMTE Power Plc (AMTE’) and recommissioned as a portal between development and volume production for new battery cell technologies. AGM operated a manufacturing facility in Thurso, Scotland.
Administrators' statement of proposals (2024-03-07) · Companies House register