Crescent Machinery Limited (02386506): administration and why it failed

Crescent Machinery Limited (02386506): administration

Status: Administration ended
Administration began: 2017-08-11
Administrators: Simon Franklin Plant, Daniel Plant
Administrators' firm: SFP Restructuring
Formerly: Prizetag Limited
Incorporated: 1989-05-18
Location: London
Industry: 25620 Machining

Why it went into administration

Creditor pressure / legal action
Weather / natural events
HMRC / tax arrears
Loss of a key customer, supplier or contract
Bad debts / customer insolvency

From the administrators' statement

3.1.

3.2.

3.3.

Administrators' statement of proposals (2017-10-16) · Companies House register

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Crescent Machinery Limited (02386506): administration

Why it went into administration

From the administrators' statement

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Crescent Machinery Limited (02386506)