SLBE Limited

SLBE Limited (formerly TSP Engineering Limited) (in Administration)

On 9 March 2020 the Company entered Administration Alex Paul Williams and Robert Hunter Kelly were appointed as Joint Administrators. The appointment was made by the qualifying floating charge holder under the provisions of paragraph 14 of Schedule B1 to the Insolvency Act 1986. 

Shortly after the appointment, the Company was renamed from TSP Engineering Limited to SLBE Limited. At the same time, the purchaser of the Company’s business and assets was renamed from Jingye Steel (UK) Engineering Limited to TSP Engineering Limited.

Sale of the business

On 9 March 2020 we completed a sale of the Company’s business and assets to Jingye Steel (UK) Engineering Limited (“the Purchaser”) for a total consideration of £3 million.

As part of the transaction, the Purchaser undertook to discharge all third-party trading liabilities (other than intercompany balances due to the Company’s parent and its affiliates and secured amounts owing to financial creditors) and TUPE transfer all employees with no redundancies, no changes to their terms & conditions and no impact on pension contributions.

In accordance with Statement of Insolvency Practice 16, a detailed explanation of the transaction is set out in the letters to creditors in the Administration documents below. 

Future communication

Further information and documents regarding the Administration will be uploaded to this website.

Queries specifically relating to the Administration should be directed to slbe.administration@uk.ey.com

A P Williams is licensed in the United Kingdom to act as an insolvency practitioner by The Insolvency Practitioners Association in England and Wales and R H Kelly is licensed in the United Kingdom to act as an insolvency practitioner by The Institute of Chartered Accountants in Scotland. As Insolvency Practitioners, they are bound by the Insolvency Code of Ethics in carrying out all professional work relating to the appointment.
The affairs, business and property of the Company are being managed by the Joint Administrators, A P Williams and R H Kelly, who act as agents of the Company only and without personal liability.
The Joint Administrators may act as data controllers of personal data as defined by the UK General Data Protection Regulation (as incorporated in the Data Protection Act 2018), depending upon the specific processing activities undertaken. Ernst & Young LLP and/or the Company may act as a data processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrator’s appointment. The Office Holder Data Privacy Notice can be found at www.ey.com/uk/officeholderprivacy.

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