# Whitecroft Essentials Limited (00150911)

> Why UK company 00150911 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00150911

- **Status:** Administration ended
- **Administration began:** 2014-02-19
- **Administrators' firm:** KPMG
- **Formerly:** Prym Whitecroft UK Limited; Whitecroft Lydney Limited; Whitecroft-Scovill Limited
- **Incorporated:** 1918-07-06
- **Location:** Birmingham
- **Industry:** 25990 Manufacture of other fabricated metal products n.e.c.

## Why it went into administration

- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
- Pension deficit

## From the administrators' statement

As detailed in the initial Memorandum to creditors, since 2009, the Company made modest annual losses, on turnover of approximately £3 million These losses had recently led to some creditor pressure, with debts accruing to HMRC and certain key suppliers

The Company also had a significant deficit to a defined benefit Pension Scheme, understood to be in excess of £3 million at the time of our appomtment The Pension Scheme Trustees, Atkin Trustees Limited, hold a first ranking fixed charge over the Company’s property

The Company had initially engaged Messrs Hazelwoods to review potential restructuring options during late 2013 as a consequence of the trading difficulties Discussions ensued with the Pension Protection Fund (‘PPF’) in light of the pension scheme deficit and options including a Company Voluntary Arrangement were considered

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00150911/filing-history/MzA5NzA0MjA0NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00150911

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.