Nottingham Cables (UK) Limited (08246987): administration
- Status
- Administration ended
- Administration began
- 2019-12-16
- Administrators
- Lynn Marshall, Ian William Kings
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2012-10-10
- Location
- Newcastle upon Tyne
- Industry
- 27320 Manufacture of other electronic and electric wires and cables
Why it went into administration
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
| met with the sole director of the business on 26 November 2019 to discuss the financial position of the Company. At the beginning of 2019 the other director involved in the business died. This director was involved in the sales and production side of the business and as such his death placed additional stress on
the remaining director. In addition to this, a major customer moved its business to a competitor.
The Company required additional support and entered discussions with ATAG Cable Solutions (UK) Limited CATAGCS’), another firm engaged in manufacturing cabie with a view to them making an offer for the shares of the Company. The proposed deal was progressing however, just before the transaction was due to
Administrators' statement of proposals (2020-01-09) · Companies House register