T.G. Engineering Limited (11165094): administration
- Status
- Administration ended
- Administration began
- 2020-04-28
- Administrators
- Mark Granville Firmin, Paul Andrew Flint
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Ampco134 Limited
- Incorporated
- 2018-01-23
- Location
- Brighton
- Industry
- 64202 Activities of production holding companies
Why it went into administration
- Cash flow / liquidity pressure
- COVID-19
- Loss of a key customer, supplier or contract
- Competition / price pressure
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
From the administrators' statement
In the 12 months prior to its failure, the Company lost a key customer that contributed approximately £2 million of turnover per annum. Despite its best efforts the Company was
‘unable to replace this fall in turnover with new business, which ultimately placed additional
pressure on its cashflow.
Administrators' statement of proposals (2020-06-30) · Companies House register