# KSR Electronic Systems Limited (03648720)

> Why UK company 03648720 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03648720

- **Status:** Administration ended
- **Administration began:** 2020-01-27
- **Administrators' firm:** EY
- **Formerly:** Electronic Motion Systems UK Limited; Vishay Electronic Motion Systems UK Limited; International Rectifier Electronic Motion Systems Limited
- **Incorporated:** 1998-10-07
- **Location:** Bristol
- **Industry:** 26110 Manufacture of electronic components

## Why it went into administration

- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract

## From the administrators' statement

In August 2019, a US-based corporate finance advisory firm (with a particular automotive sector focus) was engaged to perform a market testing exercise to explore whether a sale of the Company could be achieved. However, we understand this resulted in no viable interest for the business.

In December 2019, in light of the ongoing financial under-performance of the Company and a challenging market outlook for the automotive sector, the Parent informed the Company that no further funding would be forthcoming.

Ernst & Young LLP was introduced to the Company by DLA Piper LLP on 9 December 2019 (the Group is a client of DLA Piper LLP). EY was subsequently engaged on 27 December 2019 by the Company to undertake the following work:

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03648720/filing-history/MzI2MTY4MTY3N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03648720

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