F.T.M Machining Ltd (06913459): administration
- Status
- Administration ended
- Administration began
- 2011-06-30
- Administrators
- Kenneth William Touhey, Lee De'Ath
- Administrators' firm
- Begbies Traynor
- Formerly
- F.T.M Machine Ltd
- Incorporated
- 2009-05-22
- Location
- Colchester
- Industry
- 2811
From the administrators' statement
The Director filed a notice of intention to appoint an Administrator on 22 June 2011 and served this on the proposed Administrators as required by statute There followed discussions with the Company's Director, reviewing the statutory purposes of Administration and the proposed strategy for the Administration
It was clear from the discussions, the financial information available and the reliance that the Company had on FTM&G for staff and other operational factors that the first purpose of Administration could not be achieved However the director considered that the business could be viable in the future if restructured, by perhaps being bolted onto the existing business of its associated company FTM&G The Administration would give the Company the time to market the business for sale and in the event that a sale could not be achieved allow for an orderly wind down of the business and realisation of the Company's assets
Lee De’ath and Kenneth Touhey of Chantrey Vellacott DFK LLP were appointed as Joint Administrators’ of the Company on 30 June 2011
Administrators' statement of proposals (2011-08-31) · Companies House register