06196375 Cables Limited (06196375): administration
- Status
- Administration ended
- Administration began
- 2014-02-28
- Administrators' firm
- Springfields Business Recovery & Insolvency
- Formerly
- AEI Cables Limited; WH 336 Limited
- Incorporated
- 2007-04-02
- Location
- Leicester
- Industry
- 27320 Manufacture of other electronic and electric wires and cables
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
This background 1s extracted from information provided by the Directors.
The Company's principal trading activity was the design, manufacture and sale of a wide range of electrical cables from domestic wires to special industrial cables.
The business that became AEI Cables was founded in 1837 and is purported to have the longest history of any electrical cable manufacturing business in the world It became Associated Electrical Industries in 1929, and through acquisition became one of the largest companies in the Electrical sector by 1967. The Company's production facility, located in Birtley, County Durham, was opened in 1950. The entity of AEI Cables was sold off in the mid-90s to the TT Electronics group. In 2007 the Company purchased the business and became part of the Indian based group of companies, Paramount Communications Ltd.
Administrators' statement of proposals (2014-03-17) · Companies House register