# LPM Plant Hire & Sales Limited (06858070)

> Why UK company 06858070 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06858070

- **Status:** Administration ended
- **Administration began:** 2021-09-01
- **Administrators:** Louise Williams, Mark Nicholas Ranson
- **Administrators' firm:** Opus Restructuring
- **Formerly:** Liquidation Plant & Machinery Limited
- **Incorporated:** 2009-03-25
- **Location:** Milton Keynes
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- COVID-19
- Property / lease costs

## From the administrators' statement

3.1

3.2

In mid-2018, the commercial decision was taken to dispose of the LPM Plant Hire and Sales Ltd business. This sale completed in Oct 2019. Within the sale agreement, three incentive-based pay-outs were agreed, however the COVID-19 pandemic and adverse trading conditions hit the market and the majority of these pay-outs were not received. This had an adverse effect of around £100K.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06858070/filing-history/MzMxNzI0NTExOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06858070

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