Krantech Holdings Limited (05749647): administration
- Status
- Administration ended
- Administration began
- 2017-10-16
- Administrators
- Howard Smith, Mark Jeremy Orton
- Administrators' firm
- KPMG
- Incorporated
- 2006-03-21
- Location
- Leeds
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 21 March 2006 and operated as a steel manufacturer and fabricator to the offshore, defence, nuclear and general engineering industries. The Company had the ability to manufacture complex fabrications and had the benefit of a number of blue chip clients.
The Company operated from leasehold premises which are owned by the parent company, Krantech Group Limited. The premises were completed in 2016 and the Company took occupation on 20 July 2016. The Company had 33 employees, all of whom were made redundant shortly following the appointment of the Joint Administrators.
Due to there being no forward order book and no source of funding, the Company ceased trading on the appointment of the Joint Administrators.
Administrators' statement of proposals (2017-12-19) · Companies House register