# Precision Tools Limited (07589184)

> Why UK company 07589184 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07589184

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07589184/filing-history/MzEwMzU0MTc4OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07589184

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.