Anthill Plant Hire Ltd (08045048): administration
- Status
- Administration ended
- Administration began
- 2017-07-17
- Administrators' firm
- BDO
- Formerly
- Anthill Networks Limited
- Incorporated
- 2012-04-25
- Location
- Liverpool
- Industry
- 43120 Site preparation
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 25 April 2012 and hired plant and machinery to the construction and agricultural industries. Anthiil Plant Hire Limited
The Company had an invoice discounting line with RBS Invoice Finance (‘RBSIF’ or ‘the Secured Creditor’) which was secured by a fixed and floating charge over the Company’s assets dated 15 June 2015.
The Company had historically traded profitably; the Company’s last management accounts to 31 March 2017 indicate a profit after tax of £23k for the month and a profit after tax of £144k for 12 months to 31 March 2017, which is an improvement against a profit after tax of £34k for the previous 12 months.
Administrators' statement of proposals (2017-09-15) · Companies House register