# CL 1 Realisations Limited (06460541)

> Why UK company 06460541 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06460541

- **Status:** Administration ended
- **Administration began:** 2013-03-01
- **Administrators:** Simon Harris, Cameron Gunn, Mark Supperstone
- **Administrators' firm:** ReSolve
- **Formerly:** Cartils Limited
- **Incorporated:** 2007-12-28
- **Location:** London
- **Industry:** 73110 Advertising agencies

## Why it went into administration

- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Creditor pressure / legal action

## From the administrators' statement

The Company was suffering from a decline in sales which placed pressure on cash flow As a result, the Company was unable to pay tts creditors as they fell due

The Company entered into a Time-To-Pay (TTP) arrangement with HM Revenue and Customs (HMRC) in September 2012 Whilst the Company made the payment under the TTP agreement it failed to keep up to date with current obligations and it subsequently failed at the end of September

The management then approached ReSolve Partners LLP (ReSolve) in order to assist them dealing with HMRC tn attempting to get back on track with their inital TTP arrangement, however, HMRC were not in agreement to this proposal

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06460541/filing-history/MzA3NjMwNDU3M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06460541

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