Herald Electronics Limited (05159683): administration
- Status
- Administration ended
- Administration began
- 2012-06-01
- Administrators
- David Harry Gilbert, Graham David Randall
- Administrators' firm
- BDO
- Formerly
- Delberry Limited
- Incorporated
- 2004-06-22
- Location
- Bristol
- Industry
- 3162
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated in 2004, when it purchased the business and assets from the Administrative Recewersmip of Delberry Limited (formerly Herald Electronics Limited) for total consideration of £1,000,000 (£650,000 related to the purchase of the freehold property).
Operating from premises on the Westfield Industrial Estate in Midsomer Norton the Company traded as a printed circunt board (“PCB”) design and assembly business. Services included PCB design, electronic design, product introduction, product testing, and PCB assembly.
The Company continued to grow, winning several large contracts from their major customers. The management accounts show an increase in turnover of 61% between
Administrators' statement of proposals (2012-07-30) · Companies House register