Phenolic Limited (07597434): administration
- Status
- Administration ended
- Administration began
- 2019-05-17
- Administrators
- Simon Edward Jex Girling, Christopher Marsden
- Administrators' firm
- BDO
- Incorporated
- 2011-04-08
- Location
- Liverpool
- Industry
- 30200 Manufacture of railway locomotives and rolling stock
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 8 April 2011 and manufactured and installed Universal Access Toilets (‘UAT’) for railway rolling stock in the UK.
The Company had suffered from weak trading conditions and the resultant pressure on working capital facilities. Therefore, towards the end of 2018 additional investment into the Company was provided by Gilmond Consulting Ltd, which is controlled and owned by two of the Directors.
It was anticipated this additional working capital would alleviate the cash pressures and SME Finance Partners were introduced to assist the Company with management of the finances and forecasting.
Administrators' statement of proposals (2019-07-09) · Companies House register