Bonds Foundry Company Limited (03968831): administration
- Status
- Administration ended
- Administration began
- 2019-12-20
- Administrators
- Adrian Peter Berry, Clare Boardman
- Administrators' firm
- Deloitte
- Formerly
- Capland Limited
- Incorporated
- 2000-04-10
- Location
- Birmingham
- Industry
- 24520 Casting of steel
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Brexit
- Energy costs
- Supply chain disruption
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
Reasons for faiture & financial distress
The Bonds Group had faced numerous challenges, both at operational and market level, noted below, which had resulted in financial losses and significant cash flow pressures:
• Reliance on the oil and gas sector which has been negatively impacted by high energy prices;
Administrators' statement of proposals (2020-02-21) · Companies House register