Techmax Ltd (04771657): administration
- Status
- Administration ended
- Administration began
- 2020-01-07
- Incorporated
- 2003-05-20
- Location
- Leicester
- Industry
- 14120 Manufacture of workwear
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Parent or group failure
- Competition / price pressure
From the administrators' statement
Techmax was established in 1999 as a sole trader by an ex-metorcyde racer Stephen Lewis. The business was incorporated on 20 June 2003. The company specialised in Providing quality manufacturing, printing and embroidery services to clients requiring motorsport and corporate wear.
The company was not primarily focused on the motorsport industry but also deatt in the corporate, promotional and workwear industry. The company had a good reputation for the quality of its products and maintained a healthy customer fist,
Initially the director was Stephen Lewis, however in 2017 Thomas John Halliwell who is an experienced businessman with many contacts in this sector took aver the company following a management buy in when Mr Lewis was looking to retire due to ill health.
Administrators' statement of proposals (2020-05-20) · Companies House register