# BTR (UK) Limited (03932081)

> Why UK company 03932081 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03932081

- **Status:** Administration ended
- **Administration began:** 2011-12-16
- **Administrators:** William Clive Swindell
- **Administrators' firm:** RSM
- **Formerly:** Time To Lease Ltd; General Equipment Finance Ltd; Time To Lease Limited
- **Incorporated:** 2000-02-23
- **Location:** Bristol
- **Industry:** 7260

## Why it went into administration

- Creditor pressure / legal action
- Sustained trading losses
- Cash flow / liquidity pressure

## From the administrators' statement

The Company traded as a secure data remover and recycler of electronic equipment

In 2004, the Company purchased a floss making business from Belmont Technology Remarketing Ltd and with an injection of new working capital was able to trade for several years. However, continuing trading losses were such that in 2011 the Company began to suffer from cash flow problems

The Director sought the advice of the Company's accountants and then from WC Swindell, Yorkshire House, 7 South Lane, Holmfirth, Huddersfield HD9 1HN He advised that the Company was insolvent and should proceed into Creditors Voluntary Liquidation The Director therefore took steps to call meetings of the Members and Creditors of the Company pursuant to Section 98 of the Insolvency Act 1986 and these took place on 30th November 2011 However, at the meetings of Members, a valid resolution placing the Company into Liquidation could not be passed and the subsequent meeting of Creditors was therefore adjourned

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03932081/filing-history/MzA1MjM2OTU2NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03932081

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