Motus Traffic Limited (06044474): administration and why it failed

Motus Traffic Limited (06044474): administration

Status: Administration ended
Administration began: 2020-02-17
Administrators: Jeremy Nigel Ian Woodside, Christopher Ratten
Administrators' firm: RSM
Incorporated: 2007-01-08
Location: Manchester
Industry: 46520 Wholesale of electronic and telecommunications equipment and parts

Why it went into administration

Creditor pressure / legal action
Cash flow / liquidity pressure
HMRC / tax arrears
Loss of a key customer, supplier or contract
Funding withdrawn / unable to refinance
Bad debts / customer insolvency
Competition / price pressure

From the administrators' statement

Relevant extracts from the Company's filed financial statements are summarised below.

Turnover

Cost of sales

Administrators' statement of proposals (2020-04-20) · Companies House register

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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

Motus Traffic Limited (06044474): administration

Why it went into administration

From the administrators' statement

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Motus Traffic Limited (06044474)