Pressurefab Limited (04643496): administration
- Status
- Administration ended
- Administration began
- 2016-07-28
- Administrators
- Blair Carnegie Nimmo, Gerard Anthony Friar
- Administrators' firm
- KPMG
- Formerly
- Pressurefab Group Limited; Instrumatics I & E Limited; Instrumatics Limited
- Incorporated
- 2003-01-21
- Location
- Leeds
- Industry
- 25290 Manufacture of other tanks, reservoirs and containers of metal
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
- Over-expansion / investment not recovered
- Sustained trading losses
From the administrators' statement
The Company was incorporated in January 2003 as Instrumatics Limited and traded in Doncaster In May 2010 It was acquired by the Group and tts trading operations moved to Dundee, adopting the PressureFab Limited name in October 2013
The Company operated as a designer and manufacturer of specialist rig topside and subsea equipment, and was considered to be Scotland's largest offshore container manufacturer It owned most of the Group’s plant and machinery (much of it on hire purchase or finance lease), and latterly operated from premises in Baird Avenue, Dundee, which was owned by another Group entity
The Company had no employees, with staff employed by another Group entity and recharged to the Company
Administrators' statement of proposals (2016-09-30) · Companies House register