Lynx Recoveries Limited (04297089): administration
- Status
- Administration ended
- Administration began
- 2013-09-16
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Formerly
- Lynx Engineers Limited
- Incorporated
- 2001-10-02
- Location
- Leeds
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
Lynx Engineers Limited (‘the Company") was incorporated in 2001 and operated an engineering and fabrication business specialising in a number of key sectors including agriculture and security
The Company, which employed 25 people at the date of Administration, traded from leasehold premises in Boston, Lincolnshire The Company also operated from an additional leasehold warehouse facility located on the outskirts of Boston
Over the jast 18 months the Company found trading to be difficult The Company suffered a reduction in turnover for the year ended March 2013, this was largely a result of the following reasons
Administrators' statement of proposals (2013-11-05) · Companies House register