Workington Engineering Limited (12319119): administration
- Status
- In administration
- Administration began
- 2025-06-06
- Administrators
- Sean Williams, Iain David Nairn
- Administrators' firm
- Leonard Curtis
- Formerly
- Red Squirrel Developments Limited
- Incorporated
- 2019-11-18
- Location
- Gateshead
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Sustained trading losses
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated on 18 November 2019 and remained dormant for several years up to September 2024.
On 13 September 2024, the Company commenced trading following its acquisition of the business and assets of TSP Engineering Limited (“TSP”). A sale was conducted by the administrators of TSP as part of a pre-pack administration sale. TSP were a connected company by way of common director, Robert Mawson and common shareholder, GMET Engineering Limited.
The acquisition of the business and assets of TSP encompassed a business within the heavy industrial engineering sector. The business specialised in nuclear infrastructure and reactor engineering as well as other steel projects.
Administrators' statement of proposals (2025-08-12) · Companies House register