Custom Colour Anodising Limited (04538453): administration
- Status
- Administration ended
- Administration began
- 2017-03-24
- Administrators
- John Malcolm Titley, Mark John Colman
- Administrators' firm
- Leonard Curtis
- Formerly
- Dispec Finishing Ltd.
- Incorporated
- 2002-09-18
- Location
- Preston
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 18 September 2002 and began trading in March 2005. The sole director is Paul Lawson with Lynette Lawson acting as Company secretary. Paul Lawson and Lynette Lawson both hold a 25% shareholding in the Company whilst Mark Duerden holds the remaining 50%. The registered office and principal trading address of CCAL is Unit 6, Ouzledale Foundry, Long Ing, Barnoldswick, Lancashire, BB18 6BN.
The Company specialised in decorative and protective aluminium and chrome anodising of various types fo a number of customers large and small in the aerospace catering and automotive and general engineering industries. The Company traded successfully for the majority of its history with a balance sheet indicating net assets of £40,165 as at 28 February 2015.
The Company has been having difficulties over the past two years due to a loss of margin on production, followed by a drop in sales due to a downtum in work. This was due to lack of orders coming in from regular customers whom were also experiencing difficulties at that time. As a result, the Company temporarily placed staff on short time working.
Administrators' statement of proposals (2017-04-07) · Companies House register