SDF Automotive Limited (10458615): administration
- Status
- Administration ended
- Administration began
- 2019-11-25
- Administrators
- Christopher Robert Pole, Howard Smith
- Administrators' firm
- KPMG
- Incorporated
- 2016-11-02
- Location
- Birmingham
- Industry
- 25500 Forging, pressing, stamping and roll-forming of metal; powder metallurgy
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated in early November 2016 and traded with assets that were acquired by Kespar Engineering Limited (“KEL”) out of the administration of Smethwick Drop Forge Limited (“SDFL”) which had been placed into Administration on 28 November 2016. For disclosure purposes, please note that Christopher Pole and Mark Orton also acted as the Joint Administrators for SDFL. Further, please note that Peter Parkes who is the director and ultimate owner of the Company is also the director and shareholder of KEL.
The Company manufactured certain parts for the automotive industry and trades from a leasehold premises in Kidderminster. At the date of our appointment the Company employed 48 employees of which 20 employees were made redundant shortly after our appointment.
2.2 Funding and financial position of the Company
Administrators' statement of proposals (2020-01-24) · Companies House register