Ilford Engineering Limited (07669474): administration
- Status
- Administration ended
- Administration began
- 2013-06-21
- Administrators
- William James Wright, Mark Jeremy Orton
- Administrators' firm
- KPMG
- Formerly
- P2 Investments Ltd
- Incorporated
- 2011-06-14
- Location
- Birmingham
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
Ilford Engineering Limited operated as a specialist precision engineering firm, servicing the automotive and defence sectors trading from a single leaschold site in Basildon, Essex
The Company was incorporated in June 2011 as an acquisttion vehicle for the purchase of the business and assets of Ilford Engineering Company Limited following the administration of this entity
In addition, the freehold premises that the Company traded from and various plant and equipment were acquired through separate purchase vehicles, TNUI Bentalls Limited and TNUI Leasing Limited respectively
Administrators' statement of proposals (2013-08-19) · Companies House register