Ravenace Limited (09180270): administration
- Status
- Administration ended
- Administration began
- 2016-07-15
- Administrators
- Alex David Cadwallader, Neil A Bennett
- Administrators' firm
- Leonard Curtis
- Formerly
- ESS.001 Limited
- Incorporated
- 2014-08-18
- Location
- London
- Industry
- 46720 Wholesale of metals and metal ores
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 18 August 2014 and commenced to trade immediately, having acquired the business and assets from the Administrators of Ravenace Metals Limited ("RML”) on 27 August 2014 Following the acquisition, the Company remained in the leasehold premises at Steel Bright Road, Smethwick, Sandwell B66 2NW, which were occupied by RML
The Company operated as a stockholder and supplier of non-ferrous, cast iron and engineering plastics It also provided profiling services, metal fabrication and other specialist services to the engineering telated sector
The Ravenace brand had been in existence since 1982 and was well known within the industry Following the acquisition, the Company cut overheads by reducing staff fevels with a view to Improving profitability It operated with 14 staff
Administrators' statement of proposals (2016-09-07) · Companies House register