CFL Realisations 2020 Limited (02059476): administration
- Status
- Administration ended
- Administration began
- 2020-09-22
- Administrators' firm
- Deloitte
- Formerly
- Cartwright Finance Limited; Cartwright Finance Sales Limited; Cartwright Sales Limited; Cartwright Trailers Limited; Cartwright Trailer Hire Limited
- Incorporated
- 1986-09-29
- Location
- Birmingham
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Creditor pressure / legal action
- HMRC / tax arrears
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
As noted on the previous page, the profitability of . the Group was on a downward trajectory which was largely attributed to the SCSC business operating in a loss making position.
Since March 2020 the Group was adversely impacted by the COVID-19 pandemic which resulted in a full closure of the manufacturing facility for several weeks from March 2020 onwards.
This closure put increasing pressure on the Group’s cash position as trailers could not be manufactured
Administrators' statement of proposals (2020-11-02) · Companies House register