# Britannica Limited (03667429)

> Why UK company 03667429 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03667429

- **Status:** Administration ended
- **Administration began:** 2019-04-01
- **Administrators:** Paul Mallatratt, Louise Freestone
- **Administrators' firm:** Absolute Recovery
- **Incorporated:** 1998-11-13
- **Location:** Nottingham
- **Industry:** 49410 Freight transport by road

## Why it went into administration

- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses

## From the administrators' statement

Brief background The Company was incorporated on 13 November 1998 and operated as a trucking company, predominantly to provide services to the construction industry.

In 2018, the Company's main customer significantly reduced the level of work provided.

Despite concerted attempts, the Company was unable to source sufficient alternative custom. The reduction in turnover, coupled with the Company's high level of ongoing finance costs, had a significant detrimental impact on the Company's financial performance and cash flow position.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03667429/filing-history/MzIzNjU4MzEzNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03667429

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.