Beamlight Automotive Seating Limited (05675355): administration
- Status
- Administration ended
- Administration began
- 2012-10-11
- Administrators' firm
- FRP Advisory
- Incorporated
- 2006-01-13
- Location
- London
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was a full system suppler of seating to the automotive Industry and supplied a number of major UK and European manufacturers. It was Incorporated in January 2006 and traded from rented premises in Eastwood, Nottingham employing 237 people. The business itself has been operating for a number of decades although ownership has changed a number of times. The business previously traded as ATY Automotive Limited from 2004 until 2006 when It fell into Administration. The business traded as Beamlight Automotive Seating Limited from early 2006.
Historically, the Company was profitable In the 9 months to 30 September 2012, management accounts show the Company having made a profit of £77k on turnover of £19.4m. In the year to 31 December 2011, the Company made a profit of £1.1m on sales of £29 4m.
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Administrators' statement of proposals (2012-12-06) · Companies House register