T.R. Engineering (UK) Limited (08743917): administration
- Status
- Administration ended
- Administration began
- 2017-04-04
- Administrators
- Simon Harris, Ben David Woodthorpe
- Administrators' firm
- ReSolve
- Incorporated
- 2013-10-22
- Location
- London
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was incorporated on 22 October 2013 and specialised in precision turned parts primarily for the automotive industry. The Company was based in Rugby, Warwickshire and traded from leased premises employing seven people.
The Company was incorporated to operate the business previously run by T.R. Engineering (GB) Limited (TRGB). The owners of TRGB, Mr Alan Robinson and his mother Catherine Robinson, had wanted to exit TRGB and had marketed the business for sale, however, a purchaser could not be found. A solvent liquidation was instead undertaken of TRGB on 9 December 2013. Certain of the assets of TRGB were distributed in specie to the shareholders. It is understood that the plant and machinery were acquired from the liquidator by a separate company called Robinson Finance (UK) Limited (RFUK), of which Mr Robinson is associated.
The Company owned the name and goodwill associated to the business; the plant and machinery was owned by RFUK and this was then leased to the Company to enable the business to operate.
Administrators' statement of proposals (2017-06-08) · Companies House register