Actem (UK) Limited (02115283): administration and why it failed

Actem (UK) Limited (02115283): administration

Status: Administration ended
Administration began: 2016-04-11
Administrators: Gareth Harris, Steven Phillip Ross
Administrators' firm: RSM
Formerly: Daisycutter Limited
Incorporated: 1987-03-25
Location: Newcastle upon Tyne
Industry: 25990 Manufacture of other fabricated metal products n.e.c.

Why it went into administration

Cash flow / liquidity pressure
Sustained trading losses

From the administrators' statement

Relevant extracts from the Company's unaudited financial statements are summarised below

SPR/GH/SJB/LBMI/L SF/S S/106835 1/7/ADMP0800- 201 5v070416

Year ended 31 14 Months

Administrators' statement of proposals (2016-06-09) · Companies House register

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Actem (UK) Limited (02115283): administration

Why it went into administration

From the administrators' statement

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Actem (UK) Limited (02115283)