# Hunter Products Limited (06155055)

> Why UK company 06155055 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06155055

- **Status:** Administration ended
- **Administration began:** 2021-11-01
- **Administrators:** Gareth Prince, Paul Stanley
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2007-03-13
- **Location:** Manchester
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- COVID-19
- Loss of a key customer, supplier or contract

## From the administrators' statement

The following information has been provided by the directors of the Company - Hunter Products had traded for some 14 years and for the last 8 years had operated in the same market providing Smoke Control systems primarily to Mechanical & Electrical (M&E) contractors in the New Build sector.

From 2015 to 2018 the Company’s turnover, customer base and structure produced a healthy trading position and the company began negotiation with larger clients as its reputation grew. The larger clients required the company to accept longer payment terms, typically 60 days end of month. To allow these terms to be accepted the company entered into a contract financing agreement (‘CFA’).

Working with larger clients required an enhanced infrastructure to deal with the Site and Health & Safety requirements. The company increased its staffing levels and turnover through 2015 to 2019 by some 50% using the CFA to deal with the cash flow requirements. The Company remained profitable.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06155055/filing-history/MzMyNDI1ODgyMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06155055

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