# Green North East Trading Bidco Limited (08772194)

> Why UK company 08772194 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08772194

- **Status:** Administration ended
- **Administration began:** 2016-11-10
- **Administrators:** Jonathon P Sumpton, Joseph O'Connor
- **Administrators' firm:** EY
- **Incorporated:** 2013-11-12
- **Location:** Leeds
- **Industry:** 38210 Treatment and disposal of non-hazardous waste

## Why it went into administration

- HMRC / tax arrears
- Sustained trading losses
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action

## From the administrators' statement

GNET was formed in 2013 as part of a private equity backed management buy-out (“MBO”) of the Impetus Waste Management business

GNET operated with three main divisions

1 Landfill and composting — which operated two landfill sites in the Teesside area (Cowpen and Teesport) Income was generated from “gate fees”, with customers paying to landfill their waste,

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08772194/filing-history/MzE2MzI2NTEyNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08772194

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