# Woodster Realisations Limited (05724045)

> Why UK company 05724045 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05724045

- **Status:** Administration ended
- **Administration began:** 2016-11-22
- **Administrators:** Colin Peter Dempster, Samuel James Woodward
- **Administrators' firm:** EY
- **Formerly:** Interlift Ltd; Lift Rite Material Handling Limited
- **Incorporated:** 2006-02-28
- **Location:** Manchester
- **Industry:** 77320 Renting and leasing of construction and civil engineering machinery and equipment

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

Following a further downturn in trading in 2016, the Group breached ts covenants in September 2016 in relation to its secured borrowings and expenenced significant cash flow pressure

To reduce debt, Management solicited offers for the Group’s Access division in Summer 2016 A number of offers from trade buyers were received, but no agreement for sale was reached

On 21 September 2016, with the Group in breach of tts covenants and unable to meet its payments to CAM, EY were engaged by the Group’s ABL lenders to analyse the Group’s short term cash flow on a rolling basis, evaluate initial options for the lenders, and appraise and comment on the Group’s business plan

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05724045/filing-history/MzE2NjkwNzAyMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05724045

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