Stelex Engineering Limited (05132758): administration
- Status
- In administration
- Administration began
- 2026-06-09
- Administrators
- Michael John Magnay, John Noon
- Administrators' firm
- Alvarez & Marsal
- Incorporated
- 2004-05-19
- Location
- Brighton
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 19 May 2004 and operated as a manufacturer of highquality steel fabrications and engineered products, serving a range of industries including oil and gas, mining, quarrying, recycling, water, and power.
The Company operated primarily from a manufacturing leasehold premises in Shropshire and also had a leasehold office in Leicestershire. As at the date of our appointment the Company employed 23 people.
Prior to our appointment, all 23 of these employees had been placed on lay-off on the 26 May 2026, as a result of the Company’s financial position and weak forward order book.
Administrators' statement of proposals (2026-08-14) · Companies House register