Metalast Limited (07085313): administration and why it failed

Metalast Limited (07085313): administration

Status: Administration ended
Administration began: 2023-08-02
Administrators: Christopher Lewis, Tyrone Courtman
Administrators' firm: RSM
Incorporated: 2009-11-24
Location: Birmingham
Industry: 38320 Recovery of sorted materials

Why it went into administration

Cash flow / liquidity pressure
Funding withdrawn / unable to refinance
Sustained trading losses
Competition / price pressure

From the administrators' statement

Relevant extracts from the Company's financial statements and management accounts are

summarised below:

£000

Administrators' statement of proposals (2023-10-04) · Companies House register

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Metalast Limited (07085313): administration

Why it went into administration

From the administrators' statement

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Metalast Limited (07085313)