Harrogate Steel Company Limited (10390497): administration
- Status
- Administration ended
- Administration began
- 2024-04-10
- Incorporated
- 2016-09-22
- Location
- Failsworth
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Rising costs / inflation
- Energy costs
- Cash flow / liquidity pressure
From the administrators' statement
Harrogate Steel Company Limited (“the Company”) was incorporated on 22 September 2016 by the Directors, Mr Daniel Worsell and Mr Richard Searle (“the Directors”) and commenced trading shortly thereafter. Mr Searle resigned as Director of the Company on 31 December 2023
The Company holds 100,000 ordinary shares with a nominal value of £0.50p each. These shares are owned jointly by Danrich Developments Ltd and Mey Trade Ltd. Statutory information regarding the Company and its shareholders is located at Appendix II.
The Company was established to sell steel products to builders and local merchants. This developed into designing and manufacturing steel works, and installing structural steel and metal work. The Directors had previously managed a steel company and used their knowledge within the industry to run the Company.
Administrators' statement of proposals (2024-05-23) · Companies House register