Churchill & SIM Group Limited (03196169): administration and why it failed

Churchill & SIM Group Limited (03196169): administration

Status: Administration ended
Administration began: 2012-02-01
Administrators: Jason James Godefroy, Andrew Gordon Stoneman
Administrators' firm: Kroll
Formerly: Scown One Limited
Incorporated: 1996-05-09
Location: London
Industry: 5190

Why it went into administration

Cash flow / liquidity pressure
Sustained trading losses
Competition / price pressure

From the administrators' statement

Statutory Information on the Companies and a summary of their financial position is attached at Appendix 1

Balfour, Churchill and Hollanden are wholly owned subsidiaries of UCM

As at the Appointment date, UCM, Balfour and Hollfanden employed 17, 3 and 2 employees respectively

Administrators' statement of proposals (2012-04-03) · Companies House register

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