Becon (Precision) Engineering Manufacturers Limited (04194219): administration
- Status
- In administration
- Administration began
- 2026-04-28
- Administrators
- Joann Leach, Christopher Newell
- Administrators' firm
- Quantuma
- Incorporated
- 2001-04-04
- Location
- Maidenhead
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company’s financial problems began due to disruption caused from the COVID19 pandemic which resulted in a legacy of debt and a reduction in turnover. Historic annual turnover was approximately £1.2m but reduced to approximately £750k during this period. More recently, the Director reported that trading had begun to improve in recent months.
In order to support cashflow, the Company had entered previously into a number of financing arrangements. This included a sale and leaseback arrangement in respect of certain plant and machinery with the Purchaser, under which machinery with an approximate value of £150,000 was sold and leased back to the Company at a cost of approximately £5,000 per month. The arrangement also provides the Purchaser with a first right of refusal to acquire the Company.
The Company also utilised an invoice finance facility with Bibby Financial Services Ltd under which the Company’s book debts were factored.
Administrators' statement of proposals (2026-07-03) · Companies House register