# Professional Concrete Pumping Limited (00518814)

> Why UK company 00518814 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00518814

- **Status:** Administration ended
- **Administration began:** 2014-10-14
- **Administrators:** Edward Terence Kerr, Kerry Bailey
- **Administrators' firm:** BDO
- **Formerly:** Pochin Concrete Pumping Limited; Pochin Plant Limited; Contractors Plant (North West) Limited
- **Incorporated:** 1953-04-20
- **Location:** Manchester
- **Industry:** 77320 Renting and leasing of construction and civil engineering machinery and equipment

## Why it went into administration

- HMRC / tax arrears
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure

## From the administrators' statement

Although significant progress was made to turnaround the Company and losses were significantly reduced, the Company was under increasing cash pressure.

The Company explored a number of sources of funding to improve the cash position:

3.21 The Company's working capital was largely funded by Centnc which provided an invoice discounting facility. Centric also provided a loan to the Company of £200k Centric was not in a position to provide any additional funding beyond agreed terms,

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00518814/filing-history/MzExMzM4OTUyMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00518814

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