Metal Sourcing Limited (07730234): administration
- Status
- Administration ended
- Administration began
- 2017-02-27
- Administrators
- Howard Smith, Jonathan Charles Marston
- Administrators' firm
- KPMG
- Incorporated
- 2011-08-05
- Location
- Leeds
- Industry
- 46720 Wholesale of metals and metal ores
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Management failings / irregularities
- Competition / price pressure
From the administrators' statement
The Company was incorporated in August 2011 and was an established UK metal recycler. It employed 12 people as at the date of the Joint Administrators’ appointment and operated from leasehold premises in Pudsey, West Yorkshire.
The Company held a number of working agreements with suppliers in respect of approximately 200 skips located throughout West Yorkshire and Lancashire, and supplied into a number of larger metal recyclers.
The Company is wholly owned by its sole director and shareholder, Mr Patrick John Knowles.
Administrators' statement of proposals (2017-04-05) · Companies House register