Cronite Scomark Engineering Limited (06649881): administration
- Status
- Administration ended
- Administration began
- 2012-05-29
- Administrators
- Cameron Gunn, Mark Supperstone
- Administrators' firm
- ReSolve
- Formerly
- Cronite Scomark Limited
- Incorporated
- 2008-07-17
- Location
- London
- Industry
- 2752
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
Scomark Engineering Limited was founded in 1973 and its principal trading activity was specialist welding and fabrication for process industries, with a strong focus on the onshore and offshore oil and gas industries
Cronite was incorporated on 17 July 2008 as part of the AFE Group Ltd (AFE) to act as a special purpose vehicle in the acquisition of the business and assets of Scomark Engineering Limited This acquisition was made on 23 July 2008, following the administration of Scomark Engineering Limited
Cronite operated from leasehold premises at Dinnington, South Yorkshire and Church Gresley, Swadlincote The Church Gresley site focused on the welding process as well as acting as the Companies’ head office, and the Dinnington site concentrated on the fabrication process
Administrators' statement of proposals (2012-07-19) · Companies House register