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.
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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.
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