PYM & Wildsmith (Metal Finishers) Limited (06813743): administration
- Status
- In administration
- Administration began
- 2026-06-03
- Administrators
- James Saunders, Mark Blackman
- Administrators' firm
- Advisory
- Incorporated
- 2009-02-09
- Location
- Manchester
- Industry
- 25610 Treatment and coating of metals
Why it went into administration
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
From the administrators' statement
KR8 Advisory Limited were formally approached by the Company on 5 May 2026 and were subsequently engaged on 9 May 2026 to conduct a short AMA process with the aim of identifying a purchaser for the business as a going concern. The opportunity was marketed for sale and a teaser document circulated to potential interested parties on 13 May 2026.
In order to protect the Company from ongoing creditor action, a Notice of Intention to Appoint an Administrator was filed at the Court on 12 May 2026 to create a statutory moratorium to allow potential interest to be explored. A further Notice of Intention to Appoint an Administrator was filed on 27 May 2026 due to ongoing negotiations with interested parties.
As part of the ongoing negotiations with an interested party, they stated that in order for them to put forward an offer and be comfortable the ongoing business could be viable, they would need to reestablish the relationship with the Company’s largest customer. A meeting was held between the interested party and the largest customer however, the customer was unable to provide the comfort the interested party required in order to put forward an offer for the business.
Administrators' statement of proposals (2026-08-07) · Companies House register