Truecut Laser Components Limited (08596938): administration
- Status
- Administration ended
- Administration began
- 2015-05-01
- Administrators
- Simon Matthew Gwinnutt
- Administrators' firm
- Greenfield Recovery
- Incorporated
- 2013-07-04
- Location
- Clarke Street
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
As I have reported to creditors previously, the Company was trading satisfactorily until September 2014, when a number of problems then occurred, which collectively proved so detrimental that the Company was unable continue to trade.
In summary, the Director attributes the failure of the Company, to the following issues.
e chronic slow payment by the Company‘s main customers;
Administrators' statement of proposals (2015-06-17) · Companies House register