CJ Realisations Limited (02800735): administration
- Status
- Administration ended
- Administration began
- 2019-04-09
- Administrators' firm
- Begbies Traynor
- Formerly
- C. Jackson & Sons Limited
- Incorporated
- 1993-03-12
- Location
- Hull
- Industry
- 16240 Manufacture of wooden containers
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
- Brexit
- Competition / price pressure
- Weather / natural events
From the administrators' statement
Wage costs, high absenteeism, and maintenance and repair on aged machinery and vehicles all proved to be particularly burdensome.
Faced with a downturn in orders, Brexit and the rising price of timber and overheads, the business has struggled financially for several years. The family have injected £263,000 and the Company found itself unable to meet its current liabilities as and when they fall due. Matters undertaken to address problems
Having sought advice, a multi-pronged approach was taken to address the Company's financial difficulties. Additional efforts had been made to obtain new leads and to secure additional orders from existing customers, however, this met with limited returns.
Administrators' statement of proposals (2019-05-01) · Companies House register