BHR Group Limited (02420351): administration
- Status
- Administration ended
- Administration began
- 2011-07-28
- Administrators' firm
- RSM
- Formerly
- Bhra Limited; Rolephase Limited
- Incorporated
- 1989-09-06
- Location
- Manchester
- Industry
- 7310
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in September 1989 and specialises mn the application of fluid engineering to industrial processes The Company provides the following services, engineering consultancy, contract and collaborative research, computational modelling & simulation, physical modelling, qualification testing, product development and technology transfer
Overall the Company traded fairly successfully up until mid 2010 During this year, the Company had significant tssues in collecting EU debtor monies which had a detrimental effect on working capital The severe cash flow problems resulted in the Company accruing a debt with HM Revenue and Customs (‘HMRC’) of c£385k by June 2011 On 14 June 20114, HMRC issued a winding up petition and at this point the Board of directors made the decision to seek the advice of an Insolvency Practitioner
This resulted in the Company submitting a time to pay agreement to HMRC to repay the debt however this was rejected by HMRC who then proceeded to advertise the petition on 14 July 2011 As a result of this and after further consideration by the Board, an application was submitted in court to place the Company into Administration
Administrators' statement of proposals (2011-09-23) · Companies House register