Metstok Metals Group Limited (11949836): administration
- Status
- Administration ended
- Administration began
- 2020-03-17
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Incorporated
- 2019-04-16
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Competition / price pressure
From the administrators' statement
« Due to the delays in repayment to ExWorks, ExWorks became concerned regarding the repayment of the outstanding balance due from the Company
• In addition on 28 February 2020 the guarantor of the facility ML entered Administration.
« Asaresult. ExWorks sought the advice of the Duff & Phelps and the decision was made to place the Company into Administration.
Administrators' statement of proposals (2020-05-18) · Companies House register