Monks & Crane Industrial Group Limited (00342072): administration
- Status
- Administration ended
- Administration began
- 2023-02-24
- Administrators
- Tom Straw, Damian Webb
- Administrators' firm
- RSM
- Formerly
- Monks & Crane Limited; Monks & Crane Distribution Limited; Monks & Crane Limited; E.T.D.Tools Limited
- Incorporated
- 1938-07-02
- Location
- London
- Industry
- 46190 Agents involved in the sale of a variety of goods
Why it went into administration
- HMRC / tax arrears
- Rising costs / inflation
- Loss of a key customer, supplier or contract
- Weak consumer demand
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Property / lease costs
- Over-expansion / investment not recovered
- Sustained trading losses
- Parent or group failure
- Rising interest rates
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company’s audited financial statements and management accounts are summarised below.
£000
FY19 FY20 FY21 FY22
Administrators' statement of proposals (2023-03-31) · Companies House register