Robey Boilers Supplies and Services Limited (04720327): administration
- Status
- Administration ended
- Administration began
- 2016-02-23
- Administrators
- Nicholas Charles Osborn Lee, Dean Anthony Nelson
- Administrators' firm
- Smith Cooper
- Formerly
- Robey Boilers Limited; Robey-Wellman Boilers and Furnaces Limited; Wellman Customer Service Limited; Broomco (3152) Limited
- Incorporated
- 2003-04-02
- Location
- Birmingham
- Industry
- 28210 Manufacture of ovens, furnaces and furnace burners
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Following the sale of part of the Company’s business and associated assets to Almor Limited in July 2015, the Company’s remaining business continued to operate from leasehold premises in Oldbury, West Midlands
The Administrators’ understand that the Company’s largest creditor, WITD Limited, had indicated that it would no longer be willing to provide indefinite or uncapped financial support
As a result, the Administrators’ understand that the Director and some of the Company’s management made efforts to identify parties who might be interested in acquiring the Company’s shares The Admunistrators’ understand that discussions were conducted with a number of parties who signed non-disclosure agreements and conducted due diligence
Administrators' statement of proposals (2016-04-14) · Companies House register