York Instruments Ltd (09813315): administration
- Status
- Administration ended
- Administration began
- 2019-09-30
- Administrators
- John William Butler, Andrew James Nichols
- Administrators' firm
- Metis Partners and Gilbert Baitson
- Incorporated
- 2015-10-07
- Location
- York
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1 Redman Nichols Butler were first contacted by the director on 19 September 2019 to discuss the company’s financial position.
3.2 The directors considered a creditors voluntary liquidation but there would have been a delay in placing the company into liquidation during which time the company’s assets would need to be safeguarded.
3.3 An administration could be initiated relatively quickly and the moratorium prevents creditors from taking legal action against the company.
Administrators' statement of proposals (2019-12-04) · Companies House register