Meltech Engineering Limited (05540387): administration
- Status
- Administration ended
- Administration began
- 2015-08-10
- Administrators
- Ian Mcculloch, Dean Watson
- Administrators' firm
- Begbies Traynor
- Formerly
- Light UP Limited
- Incorporated
- 2005-08-18
- Location
- Chapel Street
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated in February 2005 by Mr Marcus Moir and operated from leasehold premises at Bonsall Street, Mill Hill, Blackburn, BB2 4DD, the main trading site The Company specialised in engineering solutions and service support including, continuous rotary extrusion machinery for non-ferrous metals, high performance wire, cable and rope handling equipment and electric heat treatment furnaces and ovens The machines were designed, manufactured, assembled and fully tested at the customer's premises and were manufactured to customers own specification
The Company built up a strong reputation in the market sector as expenenced directors joined the board and invested in the business Orders were secured around the world and the Company employed a workforce in excess of 30 people
In 2014 the Company experienced difficulties associated with a number of complex customer orders which resulted in delays in project shipments causing strain on cash flow This coupled with a slowdown in capital equipment spending and associated vital customer pre-payments resulted in the directors and shareholders calling a Board Meeting to discuss the future viability of the business
Administrators' statement of proposals (2015-10-09) · Companies House register