Autocrash Limited (04398004): administration
- Status
- Administration ended
- Administration began
- 2013-01-09
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2002-03-19
- Location
- Salisbury
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company traded well for a number of years
In early 2012 a major customer was bought out by a larger group who subsequently changed their contract terms with a view to eventual cessation and taking on the work internally
This impacted on the Company's cashflow The Company had a loyal customer base and the directors made strenuous efforts at bringing in new custom However, the winter months in the industry are generally slow and the directors approached their accountant for advice On preparing a cashflow forecast that indicated problems in the New Year the directors were advised to contact insolvency practitioners for specialist advice
Administrators' statement of proposals (2013-02-22) · Companies House register