TES Parts Limited (04530028): administration
- Status
- Administration ended
- Administration began
- 2016-10-26
- Administrators
- David John Pike, James Robert Tucker, Edward George Boyle
- Administrators' firm
- KPMG
- Incorporated
- 2002-09-09
- Location
- London
- Industry
- 46140 Agents involved in the sale of machinery, industrial equipment, ships and aircraft
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
The Company was incorporated on 25 October 2004 and together with certain companies in the Group operated tn the aircraft engine sector The Company’s primary business was the acquisition of aircraft engines for leasing or tear-down and the trade of engine parts
The Group operated from a freehold property including office and warehouse facilities in Bridgend, South Wales, which ts wholly owned by Total Engine Support Limited (‘TESL’)
TES Parts Limited (‘TESPL’) was a part of a wider Group which ts outlined below TES Holdings Limited (‘TESHL’) ts the ultimate parent company TESPL Is the main trading entity
Administrators' statement of proposals (2017-01-04) · Companies House register