# CTM Realisations Limited (03763946)

> Why UK company 03763946 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03763946

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03763946/filing-history/MzA3NjUyNjQ2MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03763946

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