# DMP Metals Ltd (11303150)

> Why UK company 11303150 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11303150

- **Status:** Administration ended
- **Administration began:** 2022-12-20
- **Administrators' firm:** Quantuma
- **Incorporated:** 2018-04-11
- **Location:** Sale
- **Industry:** 24450 Other non-ferrous metal production

## Why it went into administration

- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Competition / price pressure

## From the administrators' statement

2.2 Paul Dumpleton (‘PD’) was initially the sole Director with a 100% shareholding in the Company. PD had worked for numerous major waste disposal companies and saw an opportunity to generate significant revenues from low-quality materials.

2.3 Jonathan Light (‘JL’) was appointed joint Director in March 2019.

2.4 PD applied for Enterprise Investment Scheme status, which was granted. The Directors then approached a fund manager, Earthworm Limited (‘Earthworm’) who agreed to fund the project through the developmental stages, right through to full production.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11303150/filing-history/MzM2NjYyNDE3N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11303150

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.