Valve Components Limited (SC102241): administration
- Status
- Administration ended
- Administration began
- 2024-03-15
- Administrators' firm
- FRP Advisory
- Formerly
- Filmray Limited
- Incorporated
- 1986-12-10
- Location
- Glasgow
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Loss of key people
- Loss-making contracts / project overruns
- Property / lease costs
From the administrators' statement
The Company was incorporated on 10 December 1986 and is a wholly owned subsidiary company of GGL.
The principal trading activity of the Company was the provision of turnkey production services to the oil, gas and petrochemical industries including equipment engineering, prototype testing and project management. The Company’s key customers were global oi! and gas subsea suppliers. The Company operated from 5 Kelvin Park South, East Kilbride, Glasgow, G75 ORH, with 119 employees.
Details of the Company's directors within the last three years are listed at Appendix A.
Administrators' statement of proposals (2024-05-08) · Companies House register