# Toolspec Manufacturing Company Limited (08453720)

> Why UK company 08453720 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08453720

- **Status:** Administration ended
- **Administration began:** 2019-09-23
- **Administrators:** Mark Granville Firmin, Paul Andrew Flint
- **Administrators' firm:** Alvarez & Marsal
- **Formerly:** Bowman Blue Limited
- **Incorporated:** 2013-03-20
- **Location:** Brighton
- **Industry:** 25620 Machining

## Why it went into administration

- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The Company was incorporated and started to trade on 20 March 2013, initially as Bowman Blue Limited, but with a subsequent name change to Toolspec Manufacturing Company Limited on 17 April 2013. The Company was established to purchase certain business and assets of Metairax Specialist Applications Limited, which itseif was placed into Administration on 2 April 2013.

The business of the Company was founded as a tool maker but subsequently evolved in line with customer requirements to become an industry leading specialist in tubular manipulation and complex welded assemblies. It had 73 employees and operated from leasehold premises in Luton.

In 2017, the Company was strategically acquired by Specialist Engineering Group Limited, which in tum is owned by Cable Capital Partners

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08453720/filing-history/MzI0NzMzNDQwMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08453720

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.