CBT Realisations Limited (06755681): administration
- Status
- Administration ended
- Administration began
- 2012-03-28
- Administrators
- Jason James Godefroy, Paul David Williams
- Administrators' firm
- Kroll
- Formerly
- Cavendish Bars Trading Limited; Hotspin Promotions Limited
- Incorporated
- 2008-11-21
- Location
- London
- Industry
- 5540
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company experienced a disappointing level of trade during December 2011 and the 2012 New Year period In early January 2012, the directors met with the Company's auditors as they were concerned regarding the poor trading performance of the Company which was hindering Its ability to meet all of its liabilities as they fell due
In order to cut costs a number of staff at area management and unit level were made redundant
In January and February 2012, the directors met insolvency practitioners Paul Wiliams, of Duff & Phelps, and Neil Bennett, of Leonard Curtis, separately, to discuss possible options for the Company
Administrators' statement of proposals (2012-05-11) · Companies House register