# J8 Precision Limited (06950331)

> Why UK company 06950331 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06950331

- **Status:** Administration ended
- **Administration began:** 2015-05-08
- **Administrators:** Mark Newman, James Patrick Nicholas Martin
- **Administrators' firm:** The Wilkes Partnership
- **Formerly:** Edwards Corporation Limited
- **Incorporated:** 2009-07-02
- **Location:** Oldbury
- **Industry:** 25620 Machining

## Why it went into administration

- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
- Property / lease costs

## From the administrators' statement

The Company was incorporated in July 2009 The Company's purpose was to provide precision engineering and manufacturing solutions to the automotive, aerospace, power, medical and defence industries

The business was initially funded by way of a £350,000 cash injection introduced by the principal shareholder, Mary Edwards Mary Edwards ts also a director of the Company, along with her daughter, Kate Edwards, who became the managing director in 2010, and her son, Jack Edwards, who became a director in October 2013

The business has traded for five years It made losses, totalling circa £365,000, in tts first three years of trading, as it sought to establish itself within the market place and set up its trading premises and facilities

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06950331/filing-history/MzEyNTc3OTgwN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06950331

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.