Accurate Laser Cutting (Leeds) Limited (07055535): administration
- Status
- Administration ended
- Administration began
- 2018-12-11
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2009-10-23
- Location
- Leeds
- Industry
- 25620 Machining
Why it went into administration
- Competition / price pressure
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 23 October 2009 and began trading shortly following its inception. The Company's principal business activity was steel laser cutting.
The registered office and principal trading address of the business was Unit 3 Stourton Business Park, Wakefield Road, Leeds, LS10 1DU. The Company occupied the premises subject to a 10 year lease which was entered into with the Landlord in April 2010. In accordance with the lease agreement, rent is payable by the Company at a rate of £22,000 plus VAT per annum. There were no rent arrears to the landlord at the date of the Joint Administrators’ appointment.
Immediately prior to the Administration the Company was operating with 10 employees.
Administrators' statement of proposals (2019-02-15) · Companies House register