# Precision Machining Technologies Limited (07023225)

> Why UK company 07023225 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07023225

- **Status:** Administration ended
- **Administration began:** 2011-10-04
- **Administrators:** John Malcolm Titley, Mark John Colman
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 2009-09-18
- **Location:** Preston
- **Industry:** 7487

## Why it went into administration

- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract

## From the administrators' statement

The Company was incorporated on 18 September 2009 and commenced trading on 6 October 2009 following a business reorganisation of a previous company structure, “HPE Technologtes Lid” The Company traded from leasehold premises situated at Unit 3, Newhouse Road, Huncoat Business Park, Huncoat, Accrington, Lancashire, BBS 6NT

The principal trading activity of the Company was to provide a wide range of high quality precision engineering solutions to a number of key clients The Company employed 21 members of staff plus 1 director

The Company was financed by a book debt factoring facility wih Lloyds TSB Commercial Finance Limited who hold secunty in the form of an all assets debenture dated 11 November 2009

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07023225/filing-history/MzA0ODExMjg1NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07023225

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