Pentland Precision Limited (SC237621): administration
- Status
- Administration ended
- Administration began
- 2019-10-11
- Administrators
- Alistair Mcalinden, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Formerly
- Pentland Precision Engineering Finishes Limited
- Incorporated
- 2002-10-02
- Location
- Glasgow
- Industry
- 71129 Other engineering activities
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Company was incorporated on 2 October 2002 as a precision engineering business which offered services including laser cutting, sheet metal work, fabrication and powder coating for customers across a wide range of sectors including oil and gas, shipbuilding and renewable energy.
The Company traded from leasehold premises in Loanhead and until recently had approx. 40 employees.
The Company did not form part of a group of companies and, at the date of the administration, was privately owned by two individuals who were also directors.
Administrators' statement of proposals (2019-12-10) · Companies House register