Lammers Exico Limited (09238274): administration
- Status
- Administration ended
- Administration began
- 2017-10-04
- Administrators' firm
- PKF
- Formerly
- Exico Electric Motors Limited
- Incorporated
- 2014-09-29
- Location
- Leicester
- Industry
- 46690 Wholesale of other machinery and equipment
From the administrators' statement
On 25 September 2017 and 26 September 2017 both of the Company’s directors resigned. Although a shareholders meeting was subsequently convened to appoint a new director, however no suitable candidates were found. As a result, Lammers UK GmbH confirmed that the Company required continued significant funding from it and that c£679,400 was outstanding. The Company's trading was not previously improved in line with the former directors’ forecasts and the Company continued to make losses.
As a result, Lammers GmbH lodged an Administration application in the High Court of Justice, Chancery Division, Birmingham District Registry to place the Company into Administration in order to preserve the Company’s position.
On 4 October 2017, Tyrone Courtman and Lee Brocklehurst of PKF Cooper Parry Group Limited were appointed Joint Administrators of the Company by The High Court of Justice, Chancery Division, Birmingham District Registry.
Administrators' statement of proposals (2017-12-11) · Companies House register