# Montgomery Furnishings Limited (08670653)

> Why UK company 08670653 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08670653

- **Status:** Administration ended
- **Administration began:** 2014-07-01
- **Administrators:** Stephen Gerard Clancy, Steven Muncaster
- **Administrators' firm:** Kroll
- **Incorporated:** 2013-09-02
- **Location:** Manchester

## Why it went into administration

- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
- Loss of a key customer, supplier or contract

## From the administrators' statement

Statutory information on the Company and a summary of its financial history ts included at Appendix 1 The Company was incorporated on 2 September 2013 and therefore, no statutory accounts have been filed However, management accounts have been provided

On 4 September 2013, the Company purchased the business and assets of MTL

The Company is connected to MTL by virtue of the common directorships of Mr Goodman — King, Ms Hulme and Ms McEwan The business and assets purchased consisted of plant & machinery, stock, book debts and WIP, goodwill, intellectual property and customer contracts for the total sum of £975,000

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08670653/filing-history/MzEwNjU2ODc4MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08670653

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