Pendle Engineering Limited (04078627): administration
- Status
- Administration ended
- Administration began
- 2023-10-06
- Administrators
- Martyn James Pullin, David Antony Willis
- Administrators' firm
- FRP Advisory
- Incorporated
- 2000-09-21
- Location
- Stockton on Tees
- Industry
- 71129 Other engineering activities
Why it went into administration
- COVID-19
- Rising costs / inflation
- Sustained trading losses
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Property / lease costs
- Rising interest rates
- Competition / price pressure
From the administrators' statement
The Company was incorporated in September 2000. Prior to that however the business was started in 1977 as a Partnership formed between two brothers, specialising in the fabrication of wrought iron gates, from premises in Trawden, Lancashire.
The business expanded, relocating to the current premises in Nelson, Lancashire in 1989. Over the following years the business expanded further, occupying adjacent units until at one point occupying the entire site of over 100,000 sq. ft.
During the 1990’s Pendle Engineering established itself as a respected supplier to the office furniture sector, attracting a growing customer base and increased levels of turnover and profit.
Administrators' statement of proposals (2023-11-28) · Companies House register