Jayb Fabrication Engineering Limited (10988600): administration
- Status
- In administration
- Administration began
- 2025-04-30
- Administrators
- Richard Cole, Steve Kenny
- Administrators' firm
- KBL Advisory
- Formerly
- Jayb Precision Engineering Limited
- Incorporated
- 2017-09-29
- Location
- Sale
- Industry
- 25110 Manufacture of metal structures and parts of structures
From the administrators' statement
KBL Advisory Limited met with Jay Browne, the director of the Company on 22 April 2025. The options that were considered between the director and KBL Advisory Limited are explained in detail in the SIP16 disclosure statement which can be found at Appendix IV.
A pre-pack administration was considered to be the appropriate course of action in order to protect book debt realisations and the jobs of 9 members of staff. Bibby, as qualifying floating charge holder agreed to the proposed pre-pack sale and confirmed that they would move to appoint Administrators under Paragraph 14 of Schedule B1 to the Insolvency Act 1986.
No Moratorium under Part A1 of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2025-06-24) · Companies House register