Axial Engineering Limited (03485027): administration
- Status
- Administration ended
- Administration began
- 2015-10-13
- Administrators' firm
- Begbies Traynor
- Formerly
- R.K. Wetnall Limited
- Incorporated
- 1997-12-23
- Location
- Manchester
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Property / lease costs
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
From the administrators' statement
The company commenced to trade in 1997 as a sub contract engineering company, mainly carrying out specific orders for larger contractors operating in the steel, of and gas industries
The company was formed by a group of engineers who had been made redundant and who decided to invest their redundancy proceeds in forming the company
The company moved to the current premises in 2013 and signed a lease with the current landlords initially for a 1 year term but the company continued to occupy the site under this lease for a further year after the term expired
Administrators' statement of proposals (2015-12-03) · Companies House register