PJO Industrial Limited (04720375): administration
- Status
- Administration ended
- Administration began
- 2017-01-25
- Administrators
- John Malcolm Titley, Mark John Colman
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2003-04-02
- Location
- Preston
- Industry
- 28921 Manufacture of machinery for mining
Why it went into administration
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 2 April 2003 and commenced to trading shortly afterwards. The Company latterly traded from leasehold premises situated at Goldthorpe Industrial Estate, Commercial Road, Goldthorpe, Rotherham, South Yorkshire, S63 9BL.
The Company was a major supplier to the electricity, gas and water industnes and to other public utilities and subcontractors involved in laying of mains and services. The Company operated two main divisions, mining and electncal The mining division had been struggling for a number of years following the closure of the last coal mines in the UK. The Company tried to develop an export market in the EU, Turkey and Russia, among others. Although a number of sales were made, others were delayed or not completed following the vote to leave the EU.
Over the last number of years, the Company has been supported through loans from a related company, Mechan Controls PLC (“Mechan”} These loans were reviewed on a regular basis and following a further review in early 2017, it was concluded that the business could not be turned around in the present economic climate and that no further funds would be advanced to the Company from Mechan
Administrators' statement of proposals (2017-03-14) · Companies House register