FE Robinson (Hooton) Limited (05055400): administration
- Status
- Administration ended
- Administration began
- 2017-04-25
- Administrators
- Conrad Alexander Pearson, Patrick Alexander Lannagan
- Administrators' firm
- Mazars
- Formerly
- Holford Smithson (2102) Limited
- Incorporated
- 2004-02-25
- Location
- Manchester
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Cash flow / liquidity pressure
- Management failings / irregularities
From the administrators' statement
The Company was founded in 1949 by F. Eric Robinson and has traded from premises at Station Works, Hooton. During this time, the business has had a number of different owners and company names. The Company has been an approved supplier to commercial aircraft manufacturers since 1990, producing jigs and tooling used in the construction of a number of different aircraft.
From 2010, the Company invested in new machinery to increase and diversify its production capabilities. By adding laser profiling, precision folding, shot blasting, powder coating and a number of other processes, the Company became a ‘one stop shop’ for a variety of precision engineering solutions to a varied client base.
The change in the profile of work undertaken meant the workforce was increasingly required to work overtime in order to meet competing demands, which has particularly impacted on the Company’s recent profitability. Gross profit reduced from 32% in 2015 to 19% in 2016 with a significant resulting loss.
Administrators' statement of proposals (2017-06-29) · Companies House register