Kettering Recovery Services Ltd (02682275): administration and why it failed

Kettering Recovery Services Ltd (02682275): administration

Status: Administration ended
Administration began: 2012-02-21
Administrators' firm: Bakef Tilly Restructuring and Recovery
Formerly: Tideauto Limited
Incorporated: 1992-01-29
Location: Central Milton Keynes
Industry: 5020

Why it went into administration

Creditor pressure / legal action
Rising costs / inflation
Energy costs
Cash flow / liquidity pressure
Property / lease costs

From the administrators' statement

Relevant extracts from the Company's audited financial statements and management accounts are summarised below -

Unaudited Unaudited Unaudited

Management Financial Financial

Administrators' statement of proposals (2012-04-10) · Companies House register

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Kettering Recovery Services Ltd (02682275): administration

Why it went into administration

From the administrators' statement

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Kettering Recovery Services Ltd (02682275)