Precision Tools Limited (07589184): administration
- Status
- Administration ended
- Administration began
- 2014-06-10
- Administrators
- Alan Brian Coleman
- Administrators' firm
- FTS Recovery
- Incorporated
- 2011-04-04
- Location
- Manchester
- Industry
- 46620 Wholesale of machine tools
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Mr Kenneth Horn and Mrs Glynda Horn traded as a partnership known as Precision Tools for a number of years specialising in the supply of cutting tools and associated equipment to the
engineering industry
On 4 April 2011 Mr and Mrs Horn incorporated Precision Tools Limited and transferred the business of the partnership to the Limited Company The Company operated from premises in Newbury
Administrators' statement of proposals (2014-07-10) · Companies House register