# Automatic Retailing (Scotland) Limited (02508800)

> Why UK company 02508800 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02508800

- **Status:** Administration ended
- **Administration began:** 2013-04-29
- **Administrators:** Derek Forsyth, David K Hunter
- **Administrators' firm:** Azets
- **Formerly:** Speed 336 Limited
- **Incorporated:** 1990-06-05
- **Location:** Manchester
- **Industry:** 46360 Wholesale of sugar and chocolate and sugar confectionery

## Why it went into administration

- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 5 June 1990, under Company number 02508800 Its principal activity was the supply, maintenance and management of vending machines. At the date of admmustration, the Company traded from premuses at Unit 11 6 Teal

Court, Strathclyde Business Park, Bellshill, ML4 8NN.

The Company had suffered cash flow difficulties for some tme As a consequence of a combination of the level of the Company’s indebtedness to the Clydesdale Bank Plc (“the Bank”) and a reduction in turnover cash flow came increasingly under strain. Mindful of the Company’s financial position and in conjunction with the Bank, the directors sought a purchaser for the business as a going concern during 2012 However, a sale agreement was not concluded and the Company continued to trade

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02508800/filing-history/MzA4MDU4ODAyOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02508800

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