IDL Trade Limited (05298874): administration and why it failed

IDL Trade Limited (05298874): administration

Status: Administration ended
Administration began: 2014-05-08
Administrators: Lindsey J Cooper, Christopher Ratten
Administrators' firm: Baker Tilly Business Services
Incorporated: 2004-11-29
Location: Manchester
Industry: 16230 Manufacture of other builders' carpentry and joinery

Why it went into administration

Property / lease costs
Cash flow / liquidity pressure
Loss of a key customer, supplier or contract
Rising interest rates
Competition / price pressure

From the administrators' statement

Results from the Company’s recent filed accounts for the years ended 31 December

2011 and 31 December 2012 are as follows

Profit & loss account

Administrators' statement of proposals (2014-07-01) · Companies House register

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts

IDL Trade Limited (05298874): administration

Why it went into administration

From the administrators' statement

Processing now

Recently viewed & analysed

IDL Trade Limited (05298874)