CCL Realisations 2020 Limited (02889260): administration
- Status
- Administration ended
- Administration began
- 2020-09-25
- Administrators' firm
- Deloitte
- Formerly
- Cartwright Conversions Limited; Cartwright (Contracts) Limited; Cartwright Rentals Limited; Cartwright (Contracts) Limited
- Incorporated
- 1994-01-19
- Location
- Birmingham
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Creditor pressure / legal action
- HMRC / tax arrears
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
As noted on the previous page, the profitability of . the Group was on a downward trajectory which was largely attributed to the SCSC business operating in a loss making position.
Since March 2020 the Group was adversely impacted by the COVID-19 pandemic which resulted in a full closure of the manufacturing facility for several weeks from March 2020 onwards. ;
This closure put increasing pressure on the Group’s cash position as trailers could not be manufactured and all sales temporarily ceased.
Administrators' statement of proposals (2020-11-12) · Companies House register