# Truecut Laser Components Limited (08596938)

> Why UK company 08596938 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08596938

- **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;

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08596938/filing-history/MzEyNTMxODkyMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08596938

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