Halifax Machine Company Limited (07182996): administration
- Status
- Administration ended
- Administration began
- 2016-07-04
- Administrators
- Julien Robert Irving, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Formerly
- MTTG Limited
- Incorporated
- 2010-03-09
- Location
- Manchester
- Industry
- 25620 Machining
Why it went into administration
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Rising costs / inflation
- Sustained trading losses
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company was incorporated on 9 March 2010 and commenced to trade on the same date The Company was incorporated by the directors, Mr Strophair who had over 40 years expenence in the machine tool industry and Mr Poole, who is also a shareholder
The Company latterly traded from leasehold premises at New Works Bumley Road, Sowerby Bridge, Halifax and Shay Lane, Halifax The pnncipal trading activity of the Company was to build new machine tools in a joint venture partnership (“JVP”), to design and build new special purpose machine tools offenng rebuilds, servicing and maintenance of machine tools The Company supplies bespoke made machinery It imports machines from the Far East before customising them in the UK and shipping them to the end user
Initally trading was a combination of approximately 40% new machines with the JVP, 40% machine rebuilds and the remainder in the service/repairs sector The Company has a modest volume of clients, ranging from local manufactunng companies to large multi-national corporations based in the Middle East and USA
Administrators' statement of proposals (2016-09-07) · Companies House register