Merseyside Coatings Limited (03829797): administration
- Status
- Administration ended
- Administration began
- 2011-06-27
- Administrators' firm
- BDO
- Formerly
- Eurokote Limited; Merseyside Coatings Limited; Eurokote Limited
- Incorporated
- 1999-08-23
- Location
- Manchester
- Industry
- 4525
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Property / lease costs
- Sustained trading losses
- Weather / natural events
From the administrators' statement
Eurokote Limited (“Eurokote”) was incorporated in November 1975 by Mr M Young and 1s now a dormant company. Eurokote shares the same parent company, Merseyside Coatings Holdings Limited (“Holdings”), as the Company
Eurokote was formed by Mr M Young, a Director of the Company, and began trading from a rented industrial unit in Birkenhead, Wirral. It originally provided shotblasting and coating services on small items for tocal steel companies
As Eurokote grew, the Director received investment from a number of associates who subsequently became shareholders and Directors.
Administrators' statement of proposals (2012-06-12) · Companies House register