CTM Realisations Limited (03763946): administration
- Status
- Administration ended
- Administration began
- 2013-02-15
- Administrators
- John Malcolm Titley, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Formerly
- Cherry Tree Machines Limited; Marplace (Number 459) Limited
- Incorporated
- 1999-05-04
- Location
- Manchester
- Industry
- 28940 Manufacture of machinery for textile, apparel and leather production
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The Company, incorporated in 1999, manufactured, distrbuted and exported industrial and commercial laundry equipment
The Company, which employed 17 people, traded from leasehold premises in Blackburn, Lancashire,
The Company directors clte the current recession as a key reason for their difficulties, experiencing a significant reduction in orders for the financial year ended September 2011. Turnover reduced by 25% as compared to the previous year and losses of £250k were Incurred
Administrators' statement of proposals (2013-04-19) · Companies House register