Nottingham Cables Ltd (07471737): administration
- Status
- Administration ended
- Administration began
- 2012-11-30
- Administrators
- John Malcolm Titley, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2010-12-16
- Location
- Manchester
- Industry
- 27320 Manufacture of other electronic and electric wires and cables
Why it went into administration
- HMRC / tax arrears
- Property / lease costs
- Funding withdrawn / unable to refinance
- Management failings / irregularities
From the administrators' statement
31 The Company was incorporated on 16 December 2010 and traded from premises at 2 Longstoop Way, Crown Farm Industnal Park, Nottingham NG19 OFQ Its principal activity was the design and manufacture of mica taped conductors and specialised cables for use in offshore, manne and fire protective applications
32 The Company purchased the trade and assets of Dynamic Cables Limited from its administrators on 25 January 2011 and commenced to trade on that date
33 According to the directors, the Company's financial difficulties can be traced back to the mismanagement of the Company's financial affairs by the former financial controller who left the Company in November 2011 Prior to this time, minimal payments had been made to HMRC with the Company in significant arrears by the time of his departure The Company's statutory accounts for the period ending 31 December 2011 show a loss of £71k on a tumover of £465k The accounts included a lability of £65k to HMRC
Administrators' statement of proposals (2013-01-29) · Companies House register