OTC Precision Fasteners Limited (06556486): administration
- Status
- Administration ended
- Administration began
- 2016-09-30
- Incorporated
- 2008-04-05
- Location
- Altrincham
- Industry
- 25940 Manufacture of fasteners and screw machine products
Why it went into administration
- Property / lease costs
- Parent or group failure
From the administrators' statement
The Company was incorporated in 5 April 2008 by Neil Mitchell (“the Director”) and commenced trading soon thereafter. The main trading activity of the Company was manufacturing and supplying of non standard nuts and bolts to the Oil & Gas, Petrochemical and Power generation industries at a reasonable price with short delivery times
Initially, the Company exported the majority of its products overseas from Western Europe to Asia, however in recent years the Company sold most of its products domestically
The Company invested in comprehensive machine shop thread rolling and forging In addition metrology, magnetic particle inspection (MP!) and Die pennant machinery for testing and approval
Administrators' statement of proposals (2016-12-14) · Companies House register