XLCR Engineering Limited (06722906): administration
- Status
- Administration ended
- Administration began
- 2017-03-13
- Incorporated
- 2008-10-14
- Location
- Oldbury
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Property / lease costs
From the administrators' statement
In the past the Company has supplied and installed galvanized steelwork assemblies to the Telecomms industry throughout the UK, although the Telecomms market became saturated by 2013. At this time the directors realised that the Company needed to diversify.
Working relationships had been developed with key contractors supplying new click & collect modules to large UK based supermarkets and the Company continued to supply and install these modules up to November 2016, when at this point all contracts were completed. The directors anticipated that orders would be received for similar modules but these were not likely to be received until 2018.
There was a steady decline in supply and installation work during 2016 resulting in a large part of the Company's turnover being free issue work towards the end of that year. This type of work was general fabrication of stainless steel components and onsite labour work.
Administrators' statement of proposals (2017-05-16) · Companies House register