# Monks & Crane Industrial Group Limited (00342072)

> Why UK company 00342072 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00342072

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00342072/filing-history/MzM3MzgxNTI0NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00342072

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