Metsec Lattice Beams Limited (07959668): administration
- Status
- Administration ended
- Administration began
- 2019-02-28
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2012-02-22
- Location
- Birmingham
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated in February 2012 and operated under a royalty/licence agreement with Metsec PLC as a manufacturer of steel lattice beams and trusses from leasehold factory and office premises situated in Wolverhampton, West Midlands.
The business had diversified by offering design, supply and installation of steel frame packages and roof cladding for building projects providing in-house design and 3D modelling, fully certified fabrication using specialist equipment and installation teams as required.
The Company was financed through significant loans from its founder directors, an invoice discounting agreement over the Company’s debts and finance agreements over the majority of the plant and machinery.
Administrators' statement of proposals (2019-05-10) · Companies House register