BAS (2016) Realisations Limited (07024697): administration
- Status
- Administration ended
- Administration began
- 2016-04-01
- Formerly
- Baylis Automotive (Smethwick) Limited; Namevalley Limited
- Incorporated
- 2009-09-21
- Location
- Solihull
- Industry
- 25500 Forging, pressing, stamping and roll-forming of metal; powder metallurgy
Why it went into administration
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The company was incorporated on 21 September 2009 by John Cowdry
The current managing director, Rajesh Desal, was appointed on 4 January 2010 and the company continued to trade successfully, with the business attracting opportunities to supply in to a major blue chip business within the automotive industry
This combined with the requirement to get involved with the Euro 6 developments in 2013, which was to design and produce specific bespoke parts to be fitted on a host of well-known vehicles The implementation of this caused considerable expenditure to be put into projects, designing and manufacturing tools, and managing the project As part of this, the company was required to expose itself to considerable capital expenditure and the taking on of more trading units in order to provide the space required When the project got underway It was also necessary to increase the number of employees
Administrators' statement of proposals (2016-06-03) · Companies House register