# Cassellie Limited (06932739)

> Why UK company 06932739 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06932739

- **Status:** Administration ended
- **Administration began:** 2021-09-03
- **Administrators:** Kristian Shuttleworth, Clare Boardman
- **Administrators' firm:** Teneo
- **Incorporated:** 2009-06-12
- **Location:** Birmingham
- **Industry:** 46740 Wholesale of hardware, plumbing and heating equipment and supplies

## Why it went into administration

- Supply chain disruption
- Funding withdrawn / unable to refinance
- Property / lease costs

## From the administrators' statement

The Company failed to gain traction in the market following its acquisition by the Group in February 2018 and suffered further problems in 2020 as the COVID-19 pandemic hindered operational turnaround strategies identified by Management.

Recent issues including freight disruption, availability of shipping containers, and the escalation of shipping rates have all significantly impacted the Company's trading performance during 2021.

This decline in the Compar.,y’s trading performance caused the Group to be unable to mee? its obligations under its secured debt facilities. Accordingly, the Directors approached the Bank and Lonsdale to discuss the options available to address the Company's financial position.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06932739/filing-history/MzMxODU3MDY5M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06932739

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