ULT Realisations Limited (07205952): administration and why it failed

ULT Realisations Limited (07205952): administration

Status: Administration ended
Administration began: 2012-05-24
Administrators' firm: Baker Tilly Restructuring and Recovery
Formerly: United Lift Trucks Limited
Incorporated: 2010-03-29
Location: Bury St Edmunds
Industry: 77390 Renting and leasing of other machinery, equipment and tangible goods n.e.c.

Why it went into administration

Cash flow / liquidity pressure
Creditor pressure / legal action
Sustained trading losses

From the administrators' statement

Unfortunately the Company has only prepared draft summary accounts for the periods to 31 March 2011 (11 months) and 31 December 2011 (9 Months). Relevant extracts are summarised below

9 Months to | 31 December 2011 Turnover

| Costs of Sale | Gross profit Overheads

Administrators' statement of proposals (2012-07-19) · Companies House register

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