# WTB Investments (No:1) Limited (04248509)

> Why UK company 04248509 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04248509

- **Status:** Administration ended
- **Administration began:** 2012-12-06
- **Administrators:** Stephen Gerard Clancy, James Saunders
- **Administrators' firm:** Kroll
- **Formerly:** Fabriano Limited
- **Incorporated:** 2001-07-09
- **Location:** Manchester
- **Industry:** 70100 Activities of head offices

## Why it went into administration

- Competition / price pressure
- Credit insurance / supplier credit withdrawn
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Sustained trading losses
- Weather / natural events

## From the administrators' statement

The Joint Administrators were appointed over WTBT on 23 November 2012 This was the main trading company associated with the Group

Following the appointment of Administrators over WTBT, it became necessary to appoint over the holding companies

Soon after the Scheme concluded the UK construction sector the Companies operated in suffered a significant downturn as a direct result of the global financial crisis This innially led to

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04248509/filing-history/MzA3MTYxNzY2M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04248509

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