# CFL Realisations 2020 Limited (02059476)

> Why UK company 02059476 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02059476

- **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- Funding withdrawn / unable to refinance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- Credit insurance / supplier credit withdrawn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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02059476/filing-history/MzI4MDk1MjQ3N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02059476

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