# TC Power Limited (04182459)

> Why UK company 04182459 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04182459

- **Status:** Administration ended
- **Administration began:** 2012-07-18
- **Administrators' firm:** Deloitte
- **Incorporated:** 2001-03-19
- **Location:** Leeds
- **Industry:** 33160 Repair and maintenance of aircraft and spacecraft

## Why it went into administration

- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action

## From the administrators' statement

The Company faced a downturn in trading as a result of a slowdown in order intake resulting in cash flow difficulties Deloitte was engaged in February 2012 by the Bank to complete a short term cash flow review of the Company and again for the Bank in early July 2012, to perform an options review

HMRC presented a winding up petition to the Company on 6 July 2012 for a debt due of £365,152 29. The directors concluded that there was no prospect of settling the HMRC debt by the court hearing date on 20 August 2012 and consequently, the directors took the decision to invite the Bank as QFCH to appomt the Administrators on 18 July 2012

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04182459/filing-history/MzA2NDI4NDkzMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04182459

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