Connect Precision Limited (04215425): administration
- Status
- Administration ended
- Administration began
- 2024-06-19
- Administrators
- Martyn James Pullin, David Antony Willis
- Administrators' firm
- FRP Advisory
- Incorporated
- 2001-05-11
- Location
- Stockton-on-Tees
- Industry
- 27900 Manufacture of other electrical equipment
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The Administrators have limited knowledge of the background of the Company, derived largely from discussions with the founding directors and secured creditors. The limited information below represents the Administrators current understanding.
The Company was incorporated on 11 May 2001 by Mr R Lawton and Mr C Hepworth (who held the whole of the issued share capital) and began trading on inception to provide precision engineering in subcontract CNC manufacturing, principally to telecoms and aerospace Companies.
The Company commenced trading from premises in Bradford before relocating to larger leasehold premises at Rutland Street in Bradford in or around 2013. The property was owned by Mr Lawton and Mr Hepworth.
Administrators' statement of proposals (2024-08-13) · Companies House register