# B & C Foundry Limited (05691397)

> Why UK company 05691397 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05691397

- **Status:** Administration ended
- **Administration began:** 2014-01-24
- **Incorporated:** 2006-01-30
- **Location:** Sheffield
- **Industry:** 25500 Forging, pressing, stamping and roll-forming of metal; powder metallurgy

## Why it went into administration

- Cash flow / liquidity pressure
- Creditor pressure / legal action
- HMRC / tax arrears
- Bad debts / customer insolvency
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Competition / price pressure

## 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 was incorporated on 30 January 2006 and commenced trading on the same date It operated from freehold premises in Bedwas, near Caerphilly, comprising of 2 linked industrial units with yard space The Company operated a foundry business making bespoke castings for a variety of customers, ranging from small one off orders to large orders for The Tata Group and the railway industry.

Inttial funding requirements were met by a confidential invoice discounting (“CID”) facility with Bibby and an overdraft facility of £60,000 provided by the Company's bankers, Barclays

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05691397/filing-history/MzA5NzE5OTQ0NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05691397

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