# RDS Engineering Ltd (03693860)

> Why UK company 03693860 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03693860

- **Status:** Administration ended
- **Administration began:** 2013-12-13
- **Administrators:** Steven Phillip Ross, Ian William Kings
- **Administrators' firm:** RSM
- **Incorporated:** 1999-01-11
- **Location:** Sunderland
- **Industry:** 25620 Machining

## Why it went into administration

- Cash flow / liquidity pressure
- Competition / price pressure

## From the administrators' statement

As the majority of creditors are aware the Company entered into a Company Voluntary Arrangement (“CVA”) with its creditors on 6 January 2011 Despite the Company maintaining its CVA contributions it has encountered trading difficulties due to the constraints of the CVA In addition it has suffered a down turn in trade due to increased competition in the market As a result the Company has experienced significant cash flow difficulties, which has led to arrears accruing with HM Revenue & Customs

Asummary of the Company's recent trading performance is shown below

Unaudited Unaudited

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03693860/filing-history/MzA5NTQyNTAwN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03693860

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