# OTC Precision Fasteners Limited (06556486)

> Why UK company 06556486 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06556486

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06556486/filing-history/MzE2NDQ0NjMxMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06556486

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.