Peak Toolmakers (UK) Limited (05245349): administration
- Status
- Administration ended
- Administration began
- 2016-02-01
- Administrators
- Robert Neil Dymond, Kelly Burton
- Administrators' firm
- Wilson Field
- Formerly
- Peak Toolmakers (Assets) Limited
- Incorporated
- 2004-09-29
- Location
- Sheffield
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The information provided in this section is based upon the Company records, the accuracy of which the Joint Administrators are unable to vouch for The Joint Administrators cannot therefore be held personally liable for errors or misstatement of fact contained therein.
The Company ts essentially a successor to the trading division of a Chesterfield based business which was acquired by its management team Subsequently, the business entered into an insolvency process and was acquired by R&A Precision Limited ("R&A*) in 2004 Following the acquisition, on 29 September 2004, R&A set up two companies, one to hold the assets of the business and the second to operate as a vehicle for trade, being the Company and the Sister respectively The Company was therefore incorporated on 29 September 2004 under the name of Peak Toolmakers (Assets) Limited
in 2008, the shares of the Company were acquired by the Parent, which became the ultimate parent company in a group structure, with the Company and the Sister becoming its wholly owned subsidiaries Collectively, the Parent, the Company and the Sister became a trading group ("the Group") which compnised a structure as follows:-
Administrators' statement of proposals (2016-04-08) · Companies House register