Steelmin Limited (07734349): administration
- Status
- Administration ended
- Administration began
- 2019-02-28
- Administrators
- Edward John Macnamara, Peter David Dickens
- Administrators' firm
- PwC
- Formerly
- Rockflow Limited
- Incorporated
- 2011-08-09
- Location
- Leeds
- Industry
- 24100 Manufacture of basic iron and steel and of ferro-alloys
Why it went into administration
- Energy costs
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 9 August 2011 and operated as a holding company for the Steelmin Group, which is a producer of strategic alloys used in the metals and chemical industries.
At the time of appointment the Company had a wholly owned subsidiary, SEE, which is a UK registered entity. SEE in tum had a wholly owned subsidiary, BH, which is registered in Bosnia and Herzegovina.
Production for the Steelmin Group is based in central Bosnia and Herzegovina and undertaken by the Steelmin Group’s trading entity, BH. The operating plant has a capacity of 50,000 tonnes per annum of silicon metal and ferrosilicon. Overall the Steelmin Group had ¢c.165 employees, of which all but two were employed by BH.
Administrators' statement of proposals (2019-05-09) · Companies House register