RGS Plus Limited (05204076): administration
- Status
- Administration ended
- Administration began
- 2013-04-12
- Administrators' firm
- BDO
- Incorporated
- 2004-08-12
- Location
- Manchester
- Industry
- 46140 Agents involved in the sale of machinery, industrial equipment, ships and aircraft
Why it went into administration
- Sustained trading losses
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Parent or group failure
- Creditor pressure / legal action
- Weather / natural events
From the administrators' statement
Although the Group reported profits in the year to 30 November 2012, unsecured creditor arrears across the Group are significant (circa £0.8m) as a result of-
• Stocks increasing significantly during 2010, which did not then reduce, as a result of inconsistent stock control;
• Increased contributions to the defined benefit pension scheme; and
Administrators' statement of proposals (2013-06-05) · Companies House register