R J Herbert Group Limited (01696360): administration
- Status
- Administration ended
- Administration began
- 2016-07-14
- Administrators
- Clare Boardman, Matthew James Cowlishaw
- Administrators' firm
- Deloitte
- Formerly
- Herbert Farm Machinery Limited
- Incorporated
- 1983-02-02
- Location
- Birmingham
- Industry
- 46140 Agents involved in the sale of machinery, industrial equipment, ships and aircraft
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Companies experienced a decline in_ trading performance in 2014, worsening in 2015, which the directors attributed to the difficult market conditions in the agricultural sector
Comparing the Group statutory results for 31 March 2014 with updated management account results for 31 March 2016, turnover declined from approximately £18 4m to £11 5m and has been attributed, by company personnel, to a deckne in the agricultural systems business in Engineering
Steps taken to remedy/turnaround
Administrators' statement of proposals (2016-09-19) · Companies House register