# Medina Management Limited (04890331)

> Why UK company 04890331 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04890331

- **Status:** Administration ended
- **Administration began:** 2017-12-11
- **Administrators:** Kenneth William Touhey
- **Administrators' firm:** Total Asset Recovery
- **Incorporated:** 2003-09-08
- **Location:** Worthing
- **Industry:** 56102 Unlicenced restaurants and cafes

## Why it went into administration

- HMRC / tax arrears
- Cash flow / liquidity pressure

## From the administrators' statement

Although the business’s cash flow during the period of 2017 was improving, and the company was able to pay current creditors as and when they fell due, the Director had difficulty in repaying older debts such as outstanding VAT and Loan Accounts due to insufficient working capital.

On 16 November 2017, HMRC issued a Walk-In Possession Notice for an outstanding liability of circa. £50,000 in respect of arrears of VAT.

Although the Director managed to make small payments on account to HMRC by way of personal funding, the company could not obtain a cash injection to pay the liability in full.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04890331/filing-history/MzE5NzQ5OTM0NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04890331

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