# Nottingham Cables (UK) Limited (08246987)

> Why UK company 08246987 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08246987

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08246987/filing-history/MzI1NDIzMzUyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08246987

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