Wrexham Wire Limited (08869479): administration
- Status
- Administration ended
- Administration began
- 2020-08-05
- Administrators
- Anthony Collier, David Robert Acland
- Administrators' firm
- FRP Advisory
- Formerly
- Lilley Investments Limited
- Incorporated
- 2014-01-30
- Location
- Manchester
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Cash flow / liquidity pressure
- COVID-19
- Credit insurance / supplier credit withdrawn
- Brexit
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 30 January 2014 following the purchase of a wire drawing business out of Administration.
The Company operated from its freehold premises at Ash Road North, Holt, Wrexham LL13 9JT and employed 88 members of staff.
The Company was a wire drawer and was the UK’s largest producer of cold heading and spring wire. The business also supplied baling, electro galvanised and engineering wires, with an extensive customer base, servicing both UK and European markets across a wide range of sectors, including automotive, construction and industrial sectors.
Administrators' statement of proposals (2020-10-14) · Companies House register