ATC Structures Ltd (05902090): administration
- Status
- Administration ended
- Administration began
- 2016-08-19
- Administrators' firm
- Restart Business Turnaround and Insolvency
- Formerly
- African Thatch Company Ltd
- Incorporated
- 2006-08-10
- Location
- Chesterfield
- Industry
- 16230 Manufacture of other builders' carpentry and joinery
Why it went into administration
- HMRC / tax arrears
- Credit insurance / supplier credit withdrawn
From the administrators' statement
Restart BT) was first introduced to the Company by TPJ A meeting took place on 13 July 2016 with Restart BTi, TPJ and SH to consider the Company’s position and to advise the director on the options available
As a result of the issue with HMRC in relation to the CIS lability it was clear that the Company was insolvent The various alternative insolvency proceedures were discussed imcluding Company Voluntary Arrangement (“CVA”), Creditors Voluntary Liquidation (“CVA”) and Administration
A CVA was considered as the director believed that the Company could trade out of its problems However, one of the issues that HMRC look at in deciding whether or not to support a CVA ts the
Administrators' statement of proposals (2016-09-28) · Companies House register