Xact 21 Mixers Limited (08405755): administration
- Status
- Administration ended
- Administration began
- 2017-07-14
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2013-02-15
- Location
- Sheffield
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was incorporated on 15 February 2013 by its current director, Mr Ronald Jackson.
Since inception the Company manufactured modular volumetric concrete mixers from within the UK. Despite trading for a number of years, the director believes that production within the three months prior to the joint administrators’ appointment had slowed considerably, thereby reducing tumover.
In addition, following the recent departure of the Company's employees, the Company was unable to continue production without securing alternative employees and/or the assistance of third party supplies. Having suffered from limited tumover in the previous months, the Company became unable to pay its debts as and when they fell due. As such, the Company contacted Begbies Traynor (SY) LLP for independent financial advice.
Administrators' statement of proposals (2017-09-06) · Companies House register