Pristine Engineering Ltd (07399116): administration
- Status
- Administration ended
- Administration began
- 2014-04-28
- Incorporated
- 2010-10-06
- Location
- Bromsgrove
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- HMRC / tax arrears
- Competition / price pressure
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The company was incorporated in October 2010 and began trading in October 2011 The company primarily supplied precision turned parts using a range of metal materials in most grades, covering simple parts through to those that required several operations to complete
The company supplied its products to window lock and door customers In addition, the company provided CNC milling and turning services for customers across a range of industries as well as providing sub contract CNC services
The company began to experience financial pressure due to increased competition within the region, forcing the company to reduce its prices to remain competitive, resulting in a reduction In the company’s profit margin
Administrators' statement of proposals (2014-05-23) · Companies House register