Microdat Limited (04299819): administration
- Status
- Administration ended
- Administration began
- 2014-06-24
- Administrators
- Francis Graham Newton, Ian Christopher Schofield
- Administrators' firm
- BDO
- Formerly
- Microdat.Co.Uk Limited; Microdat Engineering Limited
- Incorporated
- 2001-10-05
- Location
- York
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 5 October 2001 and traded from leasehold premises at Millshaw Industrial Park, Leeds It had only recently moved to these premises to accommodate plans for growth of the business.
The Company designed, engineered and project managed the assembly and installation of specialist brewing equipment, principally for the micro brewing industry. It also provided maintenance and service contracts to customers for which 1t was able to generate further income.
Funding to the Company was provided via an overdraft facility and an Enterprise Finance Guarantee loan with HSBC Bank plc (“the Bank”) totalling £713,527 In addition, Finance Yorkshire (“FY”) had invested a total of £1.1 million, represented by equity of £375,000 and a loan of £725,000
Administrators' statement of proposals (2014-08-21) · Companies House register