316 Engineering Ltd. (04579661): administration
- Status
- Administration ended
- Administration began
- 2021-11-30
- Administrators
- Rebecca Jane Dacre, Scott Christian Bevan
- Administrators' firm
- Mazars
- Incorporated
- 2002-11-01
- Location
- Milton Keynes
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Competition / price pressure
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated in 2002 and traded from leasehold premises in Peterborough. At the date of administration, the Company employed 37 members of staff.
Its business was that of stainless-steel fabrication for customers throughout the UK and across the world incorporating project design, fabrication, welding, polishing and bead blasting.
The Company was historically profitable leading to a sale to 316 Investments Limited, a Company owned by the Shillings Group in 2018. The Company continued to flourish following the acquisition and this resulted in the sale of 316 Investments Limited to 316 Engineering Holdings Limited, which is owned by Peter Dodd, in October 2020. Peter Dodd also owns several companies that make up the wider Go 2 Engineering Group. Peter Dodd was appointed as sole director of the Company following the completion of the acquisition of 316 Investments Limited until a second director, Gareth Barnard, was appointed in July 2021.
Administrators' statement of proposals (2022-01-28) · Companies House register