Trojan Electronics Limited (04125912): administration
- Status
- Administration ended
- Administration began
- 2018-11-02
- Administrators
- Danny Dartnaill, Simon Edward Jex Girling
- Administrators' firm
- BDO
- Incorporated
- 2000-12-15
- Location
- Bristol
- Industry
- 46190 Agents involved in the sale of a variety of goods
From the administrators' statement
The Company operated as a contract electronics manufacturer (‘CEM’) and refurbish & repair outsource provider to third party clients, primarily UK retailers and manufacturers. Founded in December 2000 the Company traded from large leasehold premises in Swansea, South Wales.
Alongside steady growth in its CEM operations, the Company committed considerable time and effort developing its value add proposition to its refurbishment customers through the development of its third operating division, its etail division. Etail provided reselling services, both in relation to items that the Company refurbished and repaired but also for other stock lines on behalf of customers. Items sold by the Company included end of line and site clearance items but also premium products where manufacturers are seeking alternative routes to market, bypassing traditional retail channels.
A relocation in 2015 and subsequent expenditure on the premises and the Company’s IT platforms, funded primarily through additional lending from DBW, impacted profitability and prevented the Company from pursuing and securing sufficient sales ta cover what had become significantly increased overheads following the relocation.
Administrators' statement of proposals (2018-11-23) · Companies House register