Cosalt Public Limited Company (00019628): administration and why it failed

Cosalt Public Limited Company (00019628): administration

Status: Administration ended
Administration began: 2013-02-15
Administrators: Andrew Ross, David James Kelly
Administrators' firm: PwC
Incorporated: 1884-03-28
Location: London
Industry: 70100 Activities of head offices

Why it went into administration

Funding withdrawn / unable to refinance
Parent or group failure
Cash flow / liquidity pressure
Management failings / irregularities
Pension deficit

From the administrators' statement

Cosalt Ple (“the Company”) 1s a non-trading holding company with three primary operating subsidiaries Please see the basic Group company structure below Please note all the dormant subsidiaries are not included

‘Casalt Ple -in Administration Holding company i

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Administrators' statement of proposals (2013-04-10) · Companies House register

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