Web
Analytics
Report - - Castmaster Roll, Sheffield - January 2016 | Industrial Sites | 28DaysLater.co.uk

Report - Castmaster Roll, Sheffield - January 2016



ladybrade

28DL Full Member
28DL Full Member
#1
Castmaster Roll was a Sheffield manufacturing firm that collapsed into administration with the loss of nearly 80 jobs, and £500,000 debt owed to creditors. The firm produced iron and steel quality rolls, discs and sleeves for the manufacturing and food processing industry. The Stevenson Road site began making gas lamps more than a century ago and become a roll maker about 95 years ago. It was known as the Davy Roll company but, after going into receivership, it was reborn Castmaster Roll I the mid-2000s, taken over by new owner Mel Farrar.

The firm had reported a trading loss for three years in a row before going into administration, including a £400,000 loss for the year ending January 31, 2014. Details included in the papers of administrator KPMG show £502,353 was owed to different companies at the time of administration. The report said delayed and non-payment of invoices had put the company under ‘significant pressure from its creditors’ in the months prior to administration. A report also reveals that between KPMG’s appointment in October and December, it claimed costs of more than £324,000 for handling the administration.

Thanks for looking :)

img_3574.jpg

img_3566.jpg

img_3567.jpg

img_3568.jpg

img_3569.jpg

img_3570.jpg

img_3571.jpg

img_3572.jpg

img_3573.jpg

img_3584.jpg

img_3586.jpg

img_3587.jpg

img_3588.jpg

img_3589.jpg

img_3565.jpg
 

Similar threads