Progress Precision Engineering Limited (07762976): administration
- Status
- Administration ended
- Administration began
- 2016-04-04
- Administrators
- Colin David Wilson, Joanne K Rolls
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2011-09-05
- Location
- London
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was tncorporated on 5 September 2011 tn the name of Progress Precision Engineering Limited by the Company's sole director Gareth Edwards (‘GE’) GE has 25 years’ experience in running an engineering business The market for the Company's services was GE's existing customers
The Company traded as a precision engineering business, offering a comprehensive range of services from CNC milling, CNC turning, CNC sheetmetal work, welding and fabrication, with turnover of c£500k The size of a contract could range from £500 to £80,000
The Company specialises in engineering low volume production metal products for the healthcare, scientific, and oil & gas sectors The Company manufactured precision parts to customer drawings
Administrators' statement of proposals (2016-05-11) · Companies House register