What happened to Kearns Richards machine tools?

Kearns Richards was a UK-based manufacturer known for its machine tools, particularly in the 20th century. The company faced challenges due to changing market demands and competition, leading to a decline in its operations. Ultimately, Kearns Richards went into administration in the early 2000s, and its assets were sold off, resulting in the discontinuation of its manufacturing activities. The brand and legacy of Kearns Richards, however, still hold significance in the history of British engineering.