ERL Realisations 2012 Limited (04222879): administration
- Status
- Administration ended
- Administration began
- 2012-03-23
- Administrators' firm
- Kroll
- Formerly
- Egertons Recovery Limited
- Incorporated
- 2001-05-24
- Location
- Manchester
- Industry
- 5020
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Rising costs / inflation
- Energy costs
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
- Competition / price pressure
From the administrators' statement
Acquisition of Albany
The Company experienced significant growth from the early to mid 2000’s and was historically profitable In order to sustain growth, the Company purchased the share capital of Albany in Apmil 2007 for a total consideration of circa £685,000
ERL Realisations 2012 Lumited (formerly Egertons Recovery Limited) (In Administration)
Administrators' statement of proposals (2012-05-21) · Companies House register