# Valvetek Machining Ltd (05507629)

> Why UK company 05507629 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05507629

- **Status:** Administration ended
- **Administration began:** 2017-07-14
- **Incorporated:** 2005-07-13
- **Location:** Manchester
- **Industry:** 28140 Manufacture of taps and valves

## Why it went into administration

- Creditor pressure / legal action
- HMRC / tax arrears

## From the administrators' statement

As a result of the downturn in the UK oil and gas industry, the Company began to accrue corporation tax, PAYE, NIC and student loan repayment arrears. The Company agreed a time to pay scheme with HM Revenue & Customs but the Company was unable to maintain payments under the scheme which resulted in HM Revenue & Customs issuing a winding up petition against the Company with the hearing date set for 24" July 2017.

The petition document reports that taxation liabilities totalled £233,936.20. However, HM Revenue & Customs has submitted a provisional claim of £287,640.09.

Charles Brook, a Licensed Insolvency Practitioner and Partner at Poppleton & Appleby was first introduced to the Directors of the Company on 20th June 2017 by Richard Brier of Isaacs &Co, accountants and business advisors of Bradford, himself having been independently introduced to the Company on the same day with a view to providing the Directors with advice in relation to commercial funding options.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05507629/filing-history/MzE4Njk4ODYyN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05507629

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