Aylesford Metal Company Limited (07635230): administration
- Status
- Administration ended
- Administration began
- 2015-01-16
- Administrators
- Martha Hanora Thompson, William Matthew Humphries Tait
- Administrators' firm
- BDO
- Incorporated
- 2011-05-16
- Location
- Gatwick
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
The Company was established in May 2011 by its Director, Mr Shaun Elliott The Company operated as a waste metal recycler from its freehold premises at New Hythe Lane, Aylesford, Kent, ME20 7PA (“the Land”)
The Land was purchased 1n March 2012 utilising facilities provided by Barclays Bank Plc (“Barclays”) following a wider re-banking and restructuring exercise The new facilities, including overdraft facilities, totalled £4 0m and were secured by a debenture (created in July 2011) conferring fixed and floating charges
The Company purchased waste materials for the purposes of grading and extracting ferrous and non-ferrous metals (as well as other recyclable materials) for resale The
Administrators' statement of proposals (2015-03-11) · Companies House register