CME Automation Systems Ltd (12606534): administration
- Status
- Administration ended
- Administration began
- 2024-05-01
- Administrators
- Stephen John Absolom, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Enact III Newco I Limited; Enact II Newco I Limited
- Incorporated
- 2020-05-18
- Location
- London
- Industry
- 28930 Manufacture of machinery for food, beverage and tobacco processing
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Sustained trading losses
- Cash flow / liquidity pressure
From the administrators' statement
2.1. + Background information CME Automation Systems Limited was incorporated on 18 May 2020.
The Company was solely owned by CME Automation Holdings Limited (‘Holdco’), the group structure is shown below. The Company is outlined in blue.
The controlling shareholders of the Company were funds managed by the private equity firm Endless LLP, through its Enact fund (‘Enact’).
Administrators' statement of proposals (2024-05-24) · Companies House register