HPL Prototypes Limited (03585860): administration and why it failed

HPL Prototypes Limited (03585860): administration

Status: In administration
Administration began: 2026-03-03
Administrators: Gareth Harris, Tyrone Courtman
Administrators' firm: RSM
Formerly: Worldmech Limited
Incorporated: 1998-06-23
Location: Leicester
Industry: 29201 Manufacture of bodies (coachwork) for motor vehicles (except caravans)

Why it went into administration

Cash flow / liquidity pressure
Sustained trading losses
HMRC / tax arrears
Creditor pressure / legal action
Property / lease costs

From the administrators' statement

Relevant extracts from the company’s unaudited financial statements and management

accounts are summarised below.

30.09.21 30.09.22 30.09.23 30.09.24 30.09.25

Administrators' statement of proposals (2026-05-02) · Companies House register

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HPL Prototypes Limited (03585860): administration

Why it went into administration

From the administrators' statement

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HPL Prototypes Limited (03585860)