Advanced Tool Manufacture Limited (SC226401): administration
- Status
- Administration ended
- Administration began
- 2021-11-04
- Administrators
- Kerry Bailey, James Bernard Stephen
- Administrators' firm
- BDO
- Incorporated
- 2001-12-18
- Location
- Glasgow
- Industry
- 28410 Manufacture of metal forming machinery
Why it went into administration
- COVID-19
- Loss of a key customer, supplier or contract
From the administrators' statement
The company was incorporated on 18 December 2001. The Company operated from a head office in East Kilbride, Glasgow and operated in the design and manufacture of tools and metal forming machinery supplying parts largely for automotive production lines. Key customers included Jaguar Land Rover, sold via an intermediary, Sertec.
The Company is jointly and equally owned by the two directors, Brian John McCrory and Andrew Brown.
Whilst the Company traded profitably in the past, its operations were impacted by continual delays in orders for electric vehicles primarily as a result of the worldwide semiconductor shortage. Covid exacerbated these order delays leading to a rapidly diminishing order book.
Administrators' statement of proposals (2021-12-24) · Companies House register