Cordell Group Limited (03898452): administration
- Status
- Administration ended
- Administration began
- 2017-02-23
- Administrators
- Lee Van Lockwood, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1999-12-22
- Location
- Leeds
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated in December 1999 following a merger between Cordforth Group Limited and Darlington Engineering Limited (both subsequently dissolved). The Company was a multi-discipline engineering business based in the North East of England. It grew from a relatively small family run business, to a group with peak annualised turnover of approximately £50m in 2013.
Much of the Company's growth was driven by acquisition. Between incorporation and November 2007, it acquired seven businesses which it fully integrated. It later acquired a further five businesses which were held as 100% subsidiaries; albeit some of the operations were integrated into the Company. Full details are provided below.
Business Taken on By | Date Acquired Engineering Services | Cordell Engineering | March 2008 Was run as a stand Scotland Limited Services Scotland alone subsidiary but Limited (“CESS”) operations wound down in 2014. Was dormant at 23 February 2017. ASR Technology Limited | Cordell ASR Technology | August 2008 Business was integrated Limited (“CASR’) into the Company. Was dormant at 23 February 2017. STS (Souther | Cordell Southern | December 2011 Run as a separate entity Technical Services) | Technical Services with central functions Limited Limited (“CSTS’) undertaken by the Company. Limited company also entered Administration on 23
Administrators' statement of proposals (2017-04-26) · Companies House register