Rical Limited and various subsidiaries - Administration

Rical Limited and various subsidiaries, a group of Smethwick, West Midlands-based manufacturing companies, entered administration on 14 January.

The Rical group, which was established in the 1820s, employs 185 people who make fine blanking, metal pressings and fabrications for a variety of sectors, including notably the jewellery industry.

The group has recently struggled to achieve profitability, citing a difficult trading environment.

Clare Lloyd and Adam Stephens of Evelyn Partners were appointed joint administrators.

Leumi Abl Limited, Lloyds Bank PLC, Entrust Pension Limited and the Trustees of the Rical Group (1990) Pension Scheme have registered charges against Rical, which was represented by Crowell & Moring.