# R & W Limited (06436432)

> Why UK company 06436432 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06436432

- **Status:** Administration ended
- **Administration began:** 2023-07-24
- **Administrators' firm:** Menzies
- **Incorporated:** 2007-11-26
- **Location:** 1-4 Cumberland Place
- **Industry:** 70100 Activities of head offices

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated on 26 November 2007 and operated as a civil engineering company with specialist expertise in highways. It employed 23 staff from its operating sites principally in Southern England.

The directors advised us that the Company experienced significant trading difficulties on several current and recent contracts, in particular a contract undertaken in the utilities sector, and it had also suffered with forward planned works slipping behind schedule leading to a work shortfall. More generally, the current economic climate and related concerns caused a slow-down in the market, generating uncertainty as to future income streams, as well as the profitability of present contracts being tested by difficult market conditions. This resulted in cashflow pressures.

Additionally, there had been a dispute between the directors, and recently on 8 June 2023 Raymond Ransom resigned from the board. The directors and shareholders of the parent company, Chantacre Limited, are also in dispute. This diverted the focus of the board away from the operations of the Company.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06436432/filing-history/MzM5MjQ1MDQ5NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06436432

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