Chesterton Light Engineering Limited (04616703): administration
- Status
- Administration ended
- Administration began
- 2016-09-08
- Administrators
- David Frederick Wilson
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2002-12-13
- Location
- Leeds
- Industry
- 28290 Manufacture of other general-purpose machinery n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Regulatory change or action
From the administrators' statement
Chesterton Light Engineering Ltd (““CLEL”) was founded in 1973 to produce machined components with high precision engieermg The company originally traded as a partnership until it was incorporated mn 2002
The company latterly operated from leasehold premises at 6 Laureate Industrial Estate, Newmarket CB8 0AP, the premises bemg owned by Chris Honey and Stuart Woor The company operated a business bank account with HSBC Bank Pic, there was no overdraft facility on the account following the inception of the factoring agreement with SBF
In 1989 the company was bought out by Chris Honey and Stuart Woor and saw steady growth over a 25 year period In 2001, the company moved to its new site in Newmarket, Suffolk and with the mcreased floor area further expanded ts operations
Administrators' statement of proposals (2016-10-18) · Companies House register