Aeristech Limited (05700703): administration
- Status
- In administration
- Administration began
- 2025-02-03
- Administrators
- Craig Povey, Gareth Prince
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2006-02-07
- Location
- Birmingham
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Parent or group failure
From the administrators' statement
The Company was incorporated in February 2006 and was set up to develop and manufacture its patented technology to enable it to create the fastest accelerating and most power-dense permanent magnet speed electric motors.
These motors are mainly used in compressor applications where efficiency, power density and speed of response is critical. With head office and testing sites located in Warwickshire, UK and developmental and manufacturing sites in China and the USA this ensured that the Company had a global reach.
The Company operated from leasehold premises in the West Midlands. The Company’s registered office, head office and manufacturing facility were based at Unit 4, Hermes Court, Hermes Close Leamington Spa, Warwickshire, CV34 6NJ.
Administrators' statement of proposals (2025-03-27) · Companies House register