# RPE Assets Ltd (05555774)

> Why UK company 05555774 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05555774

- **Status:** Administration ended
- **Administration began:** 2011-11-07
- **Administrators:** Jamie Playford
- **Administrators' firm:** Acuity Professional Partnership
- **Formerly:** Reco Precision Engineering Limited
- **Incorporated:** 2005-09-07
- **Location:** Norwich
- **Industry:** 7487

## Why it went into administration

- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

RPE Assets Ltd (“the Company’) was incorporated on 7 September 2005 as a small, niche engineering business The current shareholders and directors acquired this business in January 2010 to enhance the capabilities of the production companies already established

within their Group

A lack of financial reporting from the finance manager at the time and no visibility of any operational reporting gave cause for concern to the directors A pressing need to see the business make dramatic improvements to its business model resulted in some redundancies in 2010 and a focus on secunng new business The general manager of the Company resigned in February 2011 and a Group production manager was recruited tn March 2011 to oversee the turnaround of the Company and introduce and maintain best working practice

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05555774/filing-history/MzA0ODAzNTgwOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05555774

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