Birkenhead aerospace parts maker enters administration for second time in three years

North West Precision Limited, an aerospace components manufacturer at Rock Ferry Industrial Estate in Birkenhead, was placed into administration on 14 May 2026. It is the company's second insolvency in three years, following the administration of a related entity under the same name in 2023.

The High Court of Justice, Business and Property Courts of England and Wales, sealed the appointment under court number CR-2026-003693. Administration is a formal insolvency procedure in which licensed insolvency practitioners take control of a company to rescue it, sell it as a going concern, or realise its assets for creditors.

The administrators

Steven Muncaster (IP No. 9446) and Mike Dillon (IP No. 24610), both of Leonard Curtis, have been appointed as joint administrators. Muncaster is based at Leonard Curtis's Liverpool office at Exchange Station, Tithebarn Street; Dillon is at the firm's Manchester office at Riverside House, Irwell Street. Joint administrators can usually act alone unless the appointment specifies otherwise.

The company manufactures parts classified under SIC code 30300, which covers the manufacture of air and spacecraft and related machinery. It trades from Unit 3a Ebenezer Street, Rock Ferry Industrial Estate, Birkenhead, CH42 1NH.

The company and its history

North West Precision Limited was incorporated in October 2013 under the name NWP Engineering Limited. It subsequently traded as T.G. Engineering Limited from September 2016, then as Verso Holdings Limited from March 2018 until January 2024, when it took its current name. A separate company bearing the North West Precision name, with a different Companies House number, entered administration in 2023, and the Gazette records show the current entity shares the same registered address at Rock Ferry.

According to the Daily Express, the business has occupied purpose-built factories in Birkenhead and was acquired by Arlington Aerospace in 2016. A related entity is also reported to have entered administration in 2010 before its assets were used to form the current operation.

The directors at the time of the administration appointment were Christopher Paul Doran, Daniel Neil England, Nathan Mark England, Rodney Kelsey, Emma Kate Tudor and Miles Alistair Tudor, all appointed on or around July 2023, with the exception of Miles Tudor, who joined the board in April 2023. Gavin John Bewley and Colin Rodney Keal, both founding directors from 2013, resigned in April 2023.

Secured lenders

Two secured creditors hold outstanding charges over the company's assets. Cynergy Business Finance Limited holds two registered charges, both created in April and May 2023, each comprising a fixed and floating charge over all assets. Those charges include a first legal mortgage over property, fixed charges over other assets, and security over intellectual property such as patents, trademarks, copyrights and trade secrets.

A further registered charge, created on 5 May 2023 and covering a fixed and floating charge over all assets, is held jointly by Miles Tudor, Rod Kelsey, Christopher Doran, Nathan England and Daniel England, all of whom are current directors of the company. A secured creditor is one whose debt is backed by a charge over the company's assets, ranking ahead of unsecured creditors in any distribution. A floating charge covers assets that change over time, such as stock and cash, and crystallises into a fixed charge on insolvency.

For creditors and suppliers

Once administrators are appointed, the conduct of the administration passes to the joint administrators at Leonard Curtis. Known creditors receive statutory communications and payment instructions from the administrators in due course, with correspondence conducted through the firm's contact details as listed in the Gazette notice.

Creditors wishing to record amounts owed to them do so by submitting a proof of debt, the formal claim form used in UK insolvency proceedings.

The appointment triggers a moratorium under Schedule B1, paragraph 43 of the Insolvency Act 1986, which pauses most creditor enforcement action. Creditors generally cannot start or continue court proceedings against the company without the court's permission while the moratorium is in place.

Trade suppliers and others without security rank as unsecured creditors in the administration. Unsecured creditors are not backed by a charge and typically receive distributions only after secured and preferential creditors have been paid.

Employee claims for unpaid wages, notice pay and statutory redundancy are treated as preferential or unsecured claims depending on their nature. The Redundancy Payments Service, operated by the Insolvency Service, exists to meet certain statutory payments to employees where a company cannot pay them directly.