Roltech Engineering Limited (04366413): administration and why it failed

Roltech Engineering Limited (04366413): administration

Status: Administration ended
Administration began: 2019-09-11
Administrators: Lindsey J Cooper, Christopher Ratten
Administrators' firm: RSM
Formerly: HS109 Limited
Incorporated: 2002-02-04
Location: Manchester
Industry: 43390 Other building completion and finishing

Why it went into administration

Funding withdrawn / unable to refinance
Competition / price pressure
Creditor pressure / legal action
Bad debts / customer insolvency
Loss of a key customer, supplier or contract
Rising interest rates

From the administrators' statement

Relevant extracts from the Company's audited financtal statements and management accounts are

summarised below

Profit and Loss Account Turnover

Administrators' statement of proposals (2017-10-05) · Companies House register

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Roltech Engineering Limited (04366413): administration

Why it went into administration

From the administrators' statement

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Roltech Engineering Limited (04366413)