# Machinex UK Limited (06616383)

> Why UK company 06616383 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06616383

- **Status:** Administration ended
- **Administration began:** 2012-02-22
- **Administrators' firm:** RSM
- **Incorporated:** 2008-06-11
- **Location:** London
- **Industry:** 5187

## Why it went into administration

- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency

## From the administrators' statement

Groupe Machinex Inc is one of the leading designers and manufacturers of Material Recycling Facilities (“MRF”) in North America Plant design in North America favours a ‘single stream’ process where glass 1s processed with all other collectibles Contrastingly, in Europe, glass 1s ordinarily processed separately In the UK, however, there had been moves to develop the single stream process tn light of this the decision was taken by Groupe Machinex Inc (“GMI”) to enter the UK market Accordingly, Machinex (UK) Limited (“Machinex") was incorporated on June 11" 2008, as a wholly owned subsidiary of GMI, following a successful bid for a major UK contract

The Company was initially funded with an advance of £1,461,650 from GMI, with initial trading also being supported by the first contract deposit from the UK contract The principle activities of Machinex were to provide sales support and service on a contract To this effect, one member of staff was employed to manage the installation of MRFs and ongoing service provision throughout the United Kingdom

Machinex’s main customers were the large recycling facility operators, Cory Environmental Limited (“Cory”), UPM-Kymmene Limited ("UPM’) and Shanks Waste Management Limited (‘Shanks’), with the approximate value of each contract being £12,773,365, £9,300,000 and £4,779,222 respectively

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06616383/filing-history/MzA1NjExOTE4NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06616383

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