M.Price Limited (00604114): administration
- Status
- Administration ended
- Administration began
- 2023-08-25
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1958-05-06
- Location
- Northampton
- Industry
- 43342 Glazing
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The following background information is provided to assist creditors who may have limited knowledge of the Company and its affairs to better understand the reasons for the Company’s insolvency.
The information below has been prepared from information provided by the Company’s directors and information contained within the Company's accounts and at Companies House and has not been verified by the Joint Administrators at this stage. The Joint Administrators will carry out their own investigations to verify the reasons provided by the directors for the Company's insolvency.
Company backgroud
Administrators' statement of proposals (2023-10-18) · Companies House register