Miler Ltd (06975026): administration
- Status
- Administration ended
- Administration began
- 2011-05-03
- Administrators' firm
- Senate Recovery
- Incorporated
- 2009-07-28
- Location
- Cheltenham
- Industry
- 2875
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 27 July 2009 and commenced trading following the purchase of various assets of Charles (Wednesbury) Limited — In Administration on 28 September 2009
Trading was conducted at leasehold premises located at Bridge Works, Bilport Lane, Wednesbury, West Midlands, WS10 ONU The principa! activity of the Company was the manufacture of pressed and precision parts for motor vehicle and heavy plant manufacturers
Initial funding was provided by a combination of commercial borrowing and invoice factoring The Company was successful in securing a number of high profile contracts with companies with products reaching a worldwide client base
Administrators' statement of proposals (2011-06-28) · Companies House register