# Train Plant Realisations Limited (07846971)

> Why UK company 07846971 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07846971

- **Status:** In administration
- **Administration began:** 2024-01-10
- **Administrators:** Clare Boardman, Gavin George Scott Park
- **Administrators' firm:** Teneo
- **Formerly:** TXM Plant Limited; Network Rail (Nds-Plant) Limited
- **Incorporated:** 2011-11-14
- **Location:** Birmingham
- **Industry:** 77320 Renting and leasing of construction and civil engineering machinery and equipment

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Loss of a key customer, supplier or contract

## From the administrators' statement

The Group began experiencing a decline in trading performance and liquidity levels in 2023, attributed to budgetary constraints for its key customers which impacted shift volumes.

In September 2023, the Group identified a requirementfor additional funding to navigate a forecastcash shortfall, with mitigation strategies such as deferring capital expenditure on fleet vehicles and negotiating more favourable customer paymentterms deemed insufficient to improve liquidityalone.

This decline in performance and a forecast funding requirement resulted in the Group, along with PNC, approaching Teneo to conducta high-level review of the Group’s shortterm cash flow forecastand assess the options available to the Group.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07846971/filing-history/MzQxMzYxMTAxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07846971

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