PI Shurlok Limited (05961510): administration
- Status
- Administration ended
- Administration began
- 2011-10-05
- Administrators
- Craig Anthony Lewis, Maurice Moses
- Administrators' firm
- EY
- Formerly
- Wallflask Limited
- Incorporated
- 2006-10-10
- Location
- London
- Industry
- 7487
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company operated a vehicle electronics design and development business with its head office located in Milton Hall, Cambridge The Company employed 77 staff in the UK and 38 staff in the US, through its wholly owned subsidiary, Pi Shurlok LLC
The Company itself was wholly owned by Control Instruments Group Limited (“CIGL”), a South Afncan listed business, and was formed in 2006 when CIGL acquired engineering consultancy Pi Technology and merged it with its Tier 1 electronics manufacturer, Control Instruments Shurlok
The Company had two wholly owned subsidiaries Pi Shurlok LLC, based in the US, and Pi Shurlok GmbH The US business undertook the manufacturing of vehicle electronics, which included products designed and developed by the UK and US Companies The German business 's a dormant entity and the US and German entities are not In a local insolvency process
Administrators' statement of proposals (2011-11-29) · Companies House register