# Inspection Testing and Consultancy Limited (07143713)

> Why UK company 07143713 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07143713

- **Status:** Administration ended
- **Administration began:** 2012-02-15
- **Administrators:** John Malcolm Titley, Andrew Poxon
- **Administrators' firm:** Leonard Curtis
- **Formerly:** Inspection Testing Consultants Ltd
- **Incorporated:** 2010-02-02
- **Location:** Bury
- **Industry:** 7430

## Why it went into administration

- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Credit insurance / supplier credit withdrawn
- Competition / price pressure

## From the administrators' statement

Inspection Testing and Consultancy Limited was incorporated on 2 February 2010 The Company was established to purchase the goodwill and assets of Dodd Ellesmere Limited (formerly Inspection Testing and Consultancy Limited, company number 06050677) (“DEL”) which was placed into Administration on 15 March 2010 DEL had incurred losses prior to the purchase but It was considered a viable business due to its strong name in the industry and loyal! customer base

The Company provided non-destructive testing services to power stations and similar facilities Initial funding was provided by Bibby Financial Services Limited (“Bibby”) by way of an invoice discounting facility, allowing for an advance of 80% of the debtor book value

Although the Company had secured initial funding, cash flow difficulties were encountered immediately as suppliers were cautious to offer credit following the failure of DEL The result was that the majority of purchases had to be made on a pro-forma basis

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07143713/filing-history/MzA1NTc2NzkyNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07143713

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