Metstok Ltd (08517497): administration
- Status
- Administration ended
- Administration began
- 2020-02-28
- Administrators
- Paul Stanley, Amie Johnson
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2013-05-07
- Location
- Manchester
- Industry
- 46720 Wholesale of metals and metal ores
Why it went into administration
- Supply chain disruption
From the administrators' statement
The following narrative has been provided by the Company director, Mr John Vernon:
Metstok Limited was incorporated on 7 May 2013 by Mr Vernon who had previous experience in the steel industry. Mr Vernon was a managing director of a previous steel stock holding company from 1979 to 2002. This Company failed in 2002.
Mr Vernon decided to start up Metstok Limited in 2013, as there was a gap in the market for the supply of steel within the Asian — Europe market. The Company allowed for stockholders and salesmen to access steel from markets more easily, reducing time and import costs.
Administrators' statement of proposals (2020-05-06) · Companies House register