Overview:
On 28 August 2025, David Kemp and Richard Hunt of Exigen Group were appointed Joint Administrators of Aluminium Castings Limited, a manufacturer of aluminium products and metal structures based in Callington, Cornwall. The company entered Administration following historic liabilities and operational challenges.
Background:
Aluminium Castings Limited was incorporated in 1997 and operated as part of a wider group offering diverse services. While the business had a long-standing presence in the sector, operational complexities and legacy liabilities created mounting financial pressures. When these issues became unsustainable, the directors sought professional advice, leading to Exigen’s appointment.
Financial Challenges
The company faced significant historical liabilities alongside operational challenges that impacted cash flow. With creditor pressure increasing, placing the company into Administration triggered a moratorium, creating breathing space to maximise the position for stakeholders.
Exigen’s Appointment
David Kemp and Richard Hunt of Exigen Group were appointed to manage the Administration process. Their strategy focused on preserving value through the sale of a portion of the business and assets, which is currently ongoing. In addition, the case involves a freehold trading property, where Exigen Property will grant a lease and oversee the sale of the property in due course.
Outcome
A sale of part of the business and assets is in progress and expected to conclude shortly. The inclusion of a freehold property adds complexity but also provides an opportunity to maximise recoveries for creditors through a structured disposal process.
Administrator Comments
David Kemp of Exigen Group commented:
“The company was part of a group offering very differing services. When a business is part of a group, it is important to ensure that one failing element does not infect other healthier parts to avoid a domino effect . Seeking professional guidance from a trusted partner at an early stage can be vital in identifying and weeding out problematic elements”