Walker Castings Limited (06501820): administration
- Status
- Administration ended
- Administration began
- 2012-01-06
- Administrators
- Craig Povey, Richard Howard Toone
- Administrators' firm
- Begbies Traynor
- Formerly
- Febvale Limited
- Incorporated
- 2008-02-12
- Location
- Reading
- Industry
- 7487
Why it went into administration
- HMRC / tax arrears
- Rising costs / inflation
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 12 February 2008 and operated as a specialist provider of gravity and pressure die castings in both zinc and aluminium, supplying a diverse range of industries from automotive to domestic The Company also manufactured parts for both the aircraft and rail industries The majority of the Company's business came from repeat custom, with tts main competitors being based overseas
The Company traded from premises located at Unit 7, Building 5, Stanmore Industral Estate, Bridgnorth, WV15 5HP It is understood that they employed 12 staff
The Company purchased the business and certain assets for the sum of £17,000 from Walker Prectsion Castings Limited (“Walker Precision”) on 14 May 2009, a Company that was placed into administration on 14 May 2009 The Director of the Company, Mr Alan Walker was also a director of Walker Castings
Administrators' statement of proposals (2012-03-07) · Companies House register