# Acrylicsrus Limited (07254220)

> Why UK company 07254220 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07254220

- **Status:** Administration ended
- **Administration began:** 2015-03-20
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2010-05-14
- **Location:** Manchester
- **Industry:** 47910 Retail sale via mail order houses or via Internet

## Why it went into administration

- Creditor pressure / legal action
- Cash flow / liquidity pressure

## From the administrators' statement

The Company traded as a sheet plastics company focusing primarily on internet sales Customers orders purchased on the internet were cut to order and delivered from the company’s leasehold premises at Broughton Astley in Leicestershire The company had 12 employees and turnover had reached £2 7 million for the year to 31 March 2014

The reasons for the Company's insolvency

The Company began to experience financial difficulties as a consequence of funds being used to improve the leasehold property The lease contained an option to purchase after two years Unfortunately, this impacted on cash flow which meant they were unable to pay their debts as and when they fell due The former director, Daniel Tansley, left in November 2014 with an agreement to pay, under a consultancy agreement to his new company, Exquisite Fabrication

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07254220/filing-history/MzEyMzcxNTA2NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07254220

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