Betterclean (Services) Limited (07452289): administration
- Status
- Administration ended
- Administration began
- 2017-09-06
- Formerly
- Better Clean (Services) Limited
- Incorporated
- 2010-11-26
- Location
- Exeter
- Industry
- 81299 Other cleaning services
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
Betterclean (Services) Limited was an established provider of commercial cleaning services, based in Newton Abbot, Devon, with national coverage. Approximately one hundred full and part-time employees were employed by the Company.
The Company had fallen behind with its obligations to HM Revenue and Customs (“HMRC”) on the back of the appointment a few years ago of an internal accounts manager which resulted in ineffective job costing and cash flow management.
The Directors worked hard to repair the position and the Company is understood to have returned to profitability but a residual HMRC debt of approximately £185,000, made up of a combination of PAYEI/NIC and VAT arrears, proved difficult to properly deal with. In June 2016 the Company entered into a Time to Pay agreement with HMRC on terms dictated by HMRC. Although some payments are understood to have been made the schedule was found to be unaffordable despite the Company’s reported return to profit, and the more recent prospect of winding up proceedings being initiated by HMRC necessitated the Directors seeking professional advice. Initial introduction
Administrators' statement of proposals (2017-09-27) · Companies House register