Coventry Engineering Ltd. (06937986): administration
- Status
- Administration ended
- Administration began
- 2024-07-16
- Administrators' firm
- Begbies Traynor
- Formerly
- Precision Tooling Technologies Ltd.; Ensco 743 Limited
- Incorporated
- 2009-06-18
- Location
- Birmingham
- Industry
- 28490 Manufacture of other machine tools
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Management failings / irregularities
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company, incorporated on 18 June 2009, operated from leasehold premises based in the West Midlands (Units 7, 9 & 11, Paragon Way, Bayton Road Industrial Estate, Coventry, Warks, CV7 9QS), to manufacture Precision Static and Driven Spindle tooling, which are used in some of the world’s most demanding and highprofile industries.
Details of the current directors and shareholders are summarised as follows:
Directors and details of
Administrators' statement of proposals (2024-09-17) · Companies House register