Trackwise Designs PLC (03959572): administration
- Status
- Administration ended
- Administration began
- 2023-08-02
- Administrators' firm
- FRP Advisory
- Formerly
- Trackwise Designs Limited; Bremhold Limited
- Incorporated
- 2000-03-29
- Location
- Birmingham
- Industry
- 26110 Manufacture of electronic components
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 29 March 2000 and produced printed circuit boards for a variety of sectors including industrial, aerospace, and medical. The Company was listed on AIM but following the appointment, its shares were de-listed.
The Company operated from two sites; Ashvale (leasehold property) and Stonehouse (freehold property). Prior to our appointment, the Company’s head office and the registered office were located at Ashvale.
The Company supplied products and research development services to several customers, the majority of which were utilising the Company’s technology and facilities during their product development phase. At the date of administration, the Company was producing products for a single customer for onward supply.
Administrators' statement of proposals (2023-09-30) · Companies House register