# Aylesford Metal Company Limited (07635230)

> Why UK company 07635230 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07635230

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07635230/filing-history/MzExODk4ODE4MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07635230

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