# Allantone Supplies Limited (06930113)

> Why UK company 06930113 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06930113

- **Status:** Administration ended
- **Administration began:** 2013-12-24
- **Administrators:** Christoper Kenneth Williams, Andrew Mctear
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Allantone Supplies (2009) Limited; Allantone Supplies Limited
- **Incorporated:** 2009-06-10
- **Location:** Norwich
- **Industry:** 46719 Wholesale of other fuels and related products

## Why it went into administration

- Funding withdrawn / unable to refinance
- Weather / natural events
- Over-expansion / investment not recovered

## From the administrators' statement

The Company was incorporated on 11 June 2009 with the principal trade being the wholesale and supply of marine fuels and related products Trading commenced in July 2010 with one sea going tanker and after two highly profitable years the Company was able to purchase two dumb barges and three more sea going tankers to service the growing offshore renewable sector

This rapid growth required significant working capital which put pressure on cashflow As a result the Company entered into an invoice finance agreement with RBS Invoice Finance Limited (“RBSIF”) and trade picked up and the Company was able to repay that facility in July 2013 releasing the security held by RBSIF

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06930113/filing-history/MzA5NDYzNTQ2M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06930113

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