Clayton Commercials Limited (01047357): administration
- Status
- Administration ended
- Administration began
- 2012-11-14
- Administrators' firm
- RSM
- Incorporated
- 1972-03-24
- Location
- Bolton
- Industry
- 30990 Manufacture of other transport equipment n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was incorporated in 1972 as manufacturers of tankers to the commercial sector The business had traded profitably for a number of years and gained a very strong reputation tn the marketplace, largely down to its quality of product and the relationships
built with tts long standing workforce over a number of years
Approximately four years ago the Company lost a number of key employees who were enticed to work for a number of competitors who had relocated to the North West of England These competitors were able to quote for jobs at significantly less than the
Administrators' statement of proposals (2012-12-31) · Companies House register