# Bonds Foundry Company Limited (03968831)

> Why UK company 03968831 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03968831

- **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- Funding withdrawn / unable to refinance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;

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03968831/filing-history/MzI1NzkyMTk3MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03968831

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.