Heath Springs and Components Limited - Administration

Heath Springs and Components Limited, a Redditch-based metal components business, entered administration on 15 September 2023. James Saunders and Matthew Ingram of Kroll were appointed joint administrators, and said that the company suffered from unprecedented cost increases which it was unable to pass on quickly enough to its customers. Consequently, due to cash flow pressures, the company was placed into administration. Will Jones of Hill Dickinson is assisting administrators on the file. A2E Industries Limited and Close Brothers have registered charges against the company.