# Greener Skip Hire & Recycling Ltd (06392183)

> Why UK company 06392183 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06392183

- **Status:** Administration ended
- **Administration began:** 2011-05-04
- **Administrators:** Kenneth William Touhey, Richard Howard Toone
- **Administrators' firm:** RSM
- **Incorporated:** 2007-10-08
- **Location:** Newport
- **Industry:** 3710

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 8 October 2007 providing skip hire, and recycling of metal waste services

| understand that the Company secured funding from NatWest Bank Plc (“NatWest”) and an invotce discounting facility with RBS Invoice Finance Limited (“RBSIF’) both secured against the Company’s assets

The Company's unaudited abbreviated accounts show that for the years ending 31 March 2009 and 2010, the Company reported losses of £191,305 and £338,800 respectively It appears that due to the poor trading performance of the Company, RSM Tenon (“Tenon”) were instructed by RBSIF to undertake a business review of the Company in March 2011

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06392183/filing-history/MzAzOTkxOTYxNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06392183

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