Neutron Equipment Ltd (11361601): administration
- Status
- Administration ended
- Administration began
- 2022-12-16
- Incorporated
- 2018-05-15
- Location
- Manchester
- Industry
- 46690 Wholesale of other machinery and equipment
Why it went into administration
- Rising costs / inflation
- Brexit
From the administrators' statement
The Company was incorporated on 15 May 2018 by Michael Hunter Bradshaw and Aaron McVeigh as directors each holding 50% of the shares (“the Directors”).
As a wholesaler of large recycling equipment, the Company would source machinery from across Europe and America for sale in the United Kingdom. The Company commenced trading as a distributor for an American recycling machine manufacturer who manufactured high quality horizontal grinders and chipper, and went on to become the UK’s leading supplier of this equipment.
Due to the success achieved with the American manufacturer, manufacturers across Europe began contacting the Company to request representation. Deposits were taken for orders of c.£4m by December 2020, for which the delivery was anticipated in a period of 12 months.
Administrators' statement of proposals (2023-02-20) · Companies House register