Alpha Anodising UK Limited (06775293): administration
- Status
- Administration ended
- Administration began
- 2024-05-03
- Administrators
- Robert Christopher Keyes, David Ronald Taylor
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- Yourco 105 Limited
- Incorporated
- 2008-12-17
- Location
- Reading
- Industry
- 25610 Treatment and coating of metals
Why it went into administration
- Sustained trading losses
From the administrators' statement
3.1
As a result of the owners’ desire to exit the business the company was put up for a share sale towards the end of last year via a company experienced in the disposal of solvent entities. However in the intervening six months, despite interest from a number of parties no offer was forthcoming which can be attributed to a decline in sales (as evidenced in the 2022 figures) and a significant off balance sheet liability in the form of property dilapidations relating to the site from which the company traded. This in turn led to the company’s inability to pay its trading liabilities as and when they fell due and the directors, after some consideration decided to instruct KRE Corporate recovery Ltd to put the necessary measures in place commence the Administration process.
3.2 No Moratorium under Part A1 of the Act has been in force for the Company at any
Administrators' statement of proposals (2024-05-24) · Companies House register