First Choice Facilities Services Limited (02745561): administration and why it failed

First Choice Facilities Services Limited (02745561): administration

Status: In administration
Administration began: 2024-02-07
Administrators: Christopher Newell, Duncan Robert Beat
Administrators' firm: Quantuma
Formerly: First Choice Cleaners Limited; First Choice Cleaning Supplies Limited
Incorporated: 1992-09-08
Location: Maidenhead
Industry: 81100 Combined facilities support activities

Why it went into administration

COVID-19
Sustained trading losses
Management failings / irregularities
Cash flow / liquidity pressure
HMRC / tax arrears

From the administrators' statement

3.1

3.2

Quantuma Advisory Limited were first approached by First Choice Facilities Services Limited in December 2023 as the Company had hit significant cashflow difficulties.

Administrators' statement of proposals (2024-04-07) · Companies House register

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First Choice Facilities Services Limited (02745561): administration

Why it went into administration

From the administrators' statement

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First Choice Facilities Services Limited (02745561)