# Exsel Dytecna Ltd. (05172693)

> Why UK company 05172693 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05172693

- **Status:** Administration ended
- **Administration began:** 2018-11-22
- **Administrators:** Michael Colin John Sanders, James Alexander Snowdon
- **Administrators' firm:** MHA
- **Formerly:** Dynawall Limited
- **Incorporated:** 2004-07-07
- **Location:** London
- **Industry:** 25990 Manufacture of other fabricated metal products n.e.c.

## From the administrators' statement

ED Engineering Limited effected a sale of its assets to Exsel Dytecna Limited (“the Company”) on 28 April 2017 for £110,000.

On § May 2017 ED Engineering Limited was placed into Administration and Alan Clark of Carter Clark was appointed as Administrator. The Administrator's took steps to investigate the sale of the assets to Exsel Dytecna Limited and their progress report dated 9 January 2018 advised that “negotiations also took place with the purchaser under the sale agreement, Exsel Dytecna Ltd., concerning the mutual agreement to void the original sale agreement and enter into a revised sale agreement.” This resulted in arevised sale agreement. The payments already made at that stage were credited against the revised sale price leaving a balance of £175,000 due (excluding the provision in the sale agreement for the Company to pay a percentage of their turnover and pipeline sales) which was payable by instalments. A debenture was taken by the Administrator as security for the deferred consideration.

It is advised that on Monday 19 November 2018 the administrators of ED Engineering Limited (as a qualifying floating chargeholder) received notice of the Company's intention to place the Company into Members’ Voluntary Liquidation. On 21 November 2018 the Administrator's solicitors confirmed that he did not consent to the Liquidation and as a result took steps to appoint myself and Michael Sanders of this firm as Joint Administrators of Exsel Dytecna Ltd.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05172693/filing-history/MzIyNTU1MzAxOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05172693

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.