ATH Resources PLC (04928463): administration
- Status
- Administration ended
- Administration began
- 2012-12-05
- Administrators
- William James Wright, Brian Green, Mark Jeremy Orton
- Administrators' firm
- KPMG
- Formerly
- ATH Resources Limited; Ever 2206 Limited
- Incorporated
- 2003-10-10
- Location
- Birmingham
- Industry
- 70100 Activities of head offices
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
ATH Resources Pic was incorporated on 10 October 2003 It was an AIM listed company and functioned as the holding company of the ATH Group The Group 1s one of the largest producers of coal in the UK and operates four active surface mines in Scotland, with its head office function located in Doncaster.
Although the Company 1s currently in administration, its subsidiaries within the Group are continuing to trade and are not subject to any insolvency process.
The Group suffered poor trading results owing to below market price legacy contracts and Increases in input costs, principally gas oil, resulting in an overall loss in the Group’s consolidated results for the 2011 financial year.
Administrators' statement of proposals (2013-02-04) · Companies House register