# KN Wheels Limited (00680243)

> Why UK company 00680243 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00680243

- **Status:** Administration ended
- **Administration began:** 2012-10-15
- **Administrators' firm:** FRP Advisory
- **Formerly:** K.N.Engineering Services Limited
- **Incorporated:** 1961-01-11
- **Location:** Birmingham
- **Industry:** 29320 Manufacture of other parts and accessories for motor vehicles

## Why it went into administration

- HMRC / tax arrears
- Cash flow / liquidity pressure
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 11 January 1961 and its principal trading activity was the manufacture and sale of alloy car wheels.

The Company traded from a freehold property on Beveley Road, off Holyhead Road, Ketley, Telford, Shropshire (“freehold property”)

The Company operated a ‘time to pay’ arrangement with H M Revenue & Customs (CHMRC") which tt was able to service until June 2012. Management advised that turnover had decreased dramatically in the summer period due to a reduced level of customer orders which made it difficult to fulfil the arrangement

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00680243/filing-history/MzA2ODQyOTQwNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00680243

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