# C.I.S. Industrial Hire & Sales Limited (06804090)

> Why UK company 06804090 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06804090

- **Status:** Administration ended
- **Administration began:** 2017-08-10
- **Incorporated:** 2009-01-28
- **Location:** 7 Northumbverland Street
- **Industry:** 49410 Freight transport by road

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

Historically, between the two, the Companies have traded profitability and have maintained a positive balance sheet.

However towards the end of 2016 the Companies began to experience cash flow difficulties and Industrial was unable to pay its VAT return for the quarter ended October 2016 in full. In addition the Companies were under pressure to make payments to the former director who no longer worked in the business and which the Companies could not afford.

Charles Brook, a Licensed Insolvency Practitioner and Partner at Poppleton & Appleby was first introduced to the director of the Companies in January 2017 by V&A Vigar Group LLP, accountants and business advisors of Holmfirth, having themselves been introduced to the Companies as potential clients.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06804090/filing-history/MzE4NzIxNjM2NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06804090

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