Fablink (Wolverhampton) Limited (15826054): administration
- Status
- In administration
- Administration began
- 2025-01-07
- Administrators
- Lucy Winterborne, Samuel James Woodward
- Administrators' firm
- EY
- Formerly
- Ensco 2 Limited; Aghoco 2312 Limited
- Incorporated
- 2024-07-08
- Location
- Birmingham
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Loss of a key customer, supplier or contract
- Parent or group failure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
On 12 September 2024, Fablink Group Holdings Limited and its subsidiaries (together “Oldco”) entered Administration with Christopher Pole and Ryan Grant, Managing Directors from Interpath Limited, appointed as Joint Administrators (“Oldco’s Joint Administrators”). Immediately following their appointment, a pre-pack sale was concluded, with the business and certain assets of Oldco sold to Wharfside Industrial Limited, Fablink (Northampton) Limited, Fablink (Wolverhampton) Limited, Fablink (Evenwood) Limited and Fablink (Luton) Limited (together “the Companies” or “the Group”). The pre-pack sale, which was supported by a new management team, was concluded following certain key financial and legal due diligence being undertaken and supported by a range of professional advisers including EY and Addleshaw Goddard LLP together with commercial due diligence, including meetings and referencing with a number of major customers, undertaken by the new management team and TDC. The sale resulted in the transfer of all Oldco’s employees to the Group.
The Group specialised in making pressings, cabs, assemblies and other complex structures for construction equipment manufacturers, commercial vehicle manufacturers and the automotive sector generally.
The Group’s ownership structure at the date of appointment is illustrated below.
Administrators' statement of proposals (2025-03-07) · Companies House register