Casburt TMS Limited (04019268): administration
- Status
- Administration ended
- Administration began
- 2013-05-09
- Administrators
- Paul Finnity, Lindsey J Cooper
- Administrators' firm
- RSM
- Incorporated
- 2000-06-21
- Location
- Stoke on Trent
- Industry
- 46180 Agents specialised in the sale of other particular products
Why it went into administration
- Rising costs / inflation
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
The Company was incorporated in June 2000 and traded from leasehold premises at Cinderhill Industrial Estate, Longton, Stoke on Trent The business was a family owned and operated company importing and re-selling tablet press spare parts to the international Pharmaceutical, Nutraceutical and Confectionery industries
Initially the Company employed 3 staff comprising Peter Caswell as Managing Director, Jane Prince as Company Secretary/Accountant and a sales/technical person
The Company banked with HSBC Bank plc from commencement and a small overdraft was secured which, together with invoice financing, provided adequate cashflow for the first few years Profits and growth were small but consistent
Administrators' statement of proposals (2013-07-04) · Companies House register