M.J.B. ENG. Limited (07635401): administration
- Status
- Administration ended
- Administration began
- 2013-01-28
- Administrators
- Gerald Irwin
- Administrators' firm
- MHA
- Incorporated
- 2011-05-16
- Location
- Sutton Coldfield
- Industry
- 32990 Other manufacturing n.e.c.
From the administrators' statement
MJB Eng Limited was incorporated on 16 May 2011 to carry on the business of engineering parts for various industries The business was purchased from the Admunistrator of MJB Eng (2000) Limited in June 2011
The business initially traded steadily month on month with the support of a factoring company to assist with cashflow Due to the economic climate, however, many of the customers reduced the quantity of items being ordered As a consequence, the business started to struggle with cash-flow and as a result, the business fell behind with its payments to HM Revenue and Customs
Efforts were made by the director to reduce its overheads but these cuts were insufficient and during the latter part of 2012, HM Revenue and Customs petitioned for the winding up of the company As a result, the company bankers, Lloyds TSB Plc, froze the bank account on 9 January 2013 upon learning that the petition had been advertised
Administrators' statement of proposals (2013-02-14) · Companies House register