Time Rainham Limited (10675220): administration
- Status
- Administration ended
- Administration began
- 2022-11-14
- Administrators
- Richard Howard Toone, Craig Povey
- Administrators' firm
- Begbies Traynor
- Formerly
- Time Laser Cutting Limited
- Incorporated
- 2017-03-16
- Location
- Birmingham
- Industry
- 25110 Manufacture of metal structures and parts of structures
From the administrators' statement
The failure of the Company is attributed to the following:
• The lack of orders necessary to secure the volumes necessary to breakeven
• The additional capital investment of c. GBP 125k in additional machinery and working capital to meet the necessary volumes to break even.
Administrators' statement of proposals (2023-01-10) · Companies House register