Alucraft Systems Limited (03667231): administration
- Status
- Administration ended
- Administration began
- 2024-03-18
- Administrators
- Edward Williams, Helen Laura Wheeler-Jones, Peter David Dickens
- Administrators' firm
- PwC
- Formerly
- Aluglaze Systems Limited; Alucraft Systems Limited; Aluglaze Systems Limited
- Incorporated
- 1998-11-13
- Location
- Leeds
- Industry
- 43290 Other construction installation
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Rising costs / inflation
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 13 November 1998, and subsequently traded as part of The Clarison Group, a collection of businesses in the UK and Ireland. The Company provided services in relation to the design, engineering, manufacturing, installation, and maintenance of architectural glazing systems within the Group and to third parties.
The corporate structure of the Group is characterised by a majority ownership of 76% by the UK private equity firm, Elaghmore GP LLP. Elaghmore acquired the Alucraft Group and EAG Group in 2018 and 2019, respectively. Subsequently, the Group underwent a rebranding initiative and was renamed The Clarison Group in February 2021. The remaining 24% of ownership is held by Nisiorco Unlimited Company, which is incorporated in Ireland.
The Company traded from two leasehold premises, one in Rotherham and the other in Tamworth, with its registered office address being 4 Ninian Park, Ninian Way, Tamworth B77 5ES.
Administrators' statement of proposals (2024-05-18) · Companies House register