# Cuddy Environmental Limited (04073151)

> Why UK company 04073151 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04073151

- **Status:** Administration ended
- **Administration began:** 2018-07-23
- **Administrators:** Nicholas Stewart Wood, Alistair Gareth Wardell
- **Administrators' firm:** Grant Thornton
- **Incorporated:** 2000-09-18
- **Location:** Manchester
- **Industry:** 43999 Other specialised construction activities n.e.c.

## Why it went into administration

- Rising costs / inflation
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Management failings / irregularities
- Parent or group failure

## From the administrators' statement

The group was histoncally profitable but started incurring losses in 2016. The group's margins were squeezed by increasing costs and issues around securing new contracts.

One of the directors of the group, Michael Cuddy, was taken ill in November 2016.

Some financial irregularities were discovered and the other director and joint shareholder at the time, John Cuddy, reported this to Barclays Bank Plc (Barclays/the Bank).

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04073151/filing-history/MzIxNTQ2ODE2MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04073151

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