Robinson Instruments Machining (RIM) Ltd (07459718): administration
- Status
- Administration ended
- Administration began
- 2016-05-24
- Administrators
- Amie Johnson, Sajid Sattar
- Administrators' firm
- Greenfield Recovery
- Formerly
- Devon High Technology Services (DHT) Ltd
- Incorporated
- 2010-12-03
- Location
- Birmingham
- Industry
- 32990 Other manufacturing n.e.c.
From the administrators' statement
The Company was incorporated on 3 December 2010 with company number 07459718 The Company's registered office prior to the administration was at Unit 2, 24 Battle Road, Heathfield Industrial Estate, Newton Abbot, Devon, TQ12 6XU
The Company granted a debenture to Partnership Finance over all of the Company's assets on 23 December 2010 which was registered on 31 December 2010 with respect to a factoring agreement entered into with Partnership Finance
The director states that in 2014 the Company received notification of two large potential contracts which would require a significant increase in output The Company did not have the cash flow available to fund the expansion required to carry out the contracts Following negotiations between the Company and one of the customers, Rotrex A/S (“Rotrex”), a sale of the Company’s shares to Rotrex was agreed, with investment promised to enable the Company to expand
Administrators' statement of proposals (2016-07-05) · Companies House register