# Downings Recycling Ltd (09384213)

> Why UK company 09384213 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09384213

- **Status:** Administration ended
- **Administration began:** 2018-06-18
- **Administrators' firm:** Dow Schofield Watts
- **Incorporated:** 2015-01-12
- **Location:** Bolton
- **Industry:** 38210 Treatment and disposal of non-hazardous waste

## Why it went into administration

- Creditor pressure / legal action
- Competition / price pressure
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Parent or group failure

## From the administrators' statement

The Company was incorporated on 12 January 2015 by Mr Jonathan Downing (‘JD’), Mr Nicholas Downing (‘ND’) and Mr Richard Downing (‘RD’) who were appointed as directors on the same date. The Company’s authorised share capital which consists of three ordinary shares were issued and held by the directors, with one ordinary share each. The Company was incorporated following the insolvency of Downings (Waste Recovery) Limited (‘DWR’), a connected company by way of common directors, which entered into Administration on 13 March 2015, with Christopher Barrett and Lisa Moxon of Dow Schofield Watts Business Recovery LLP appointed as Joint Administrators. A sale of DWR’s business and certain assets was completed to the Company by way of a prepackaged sale on 13 March 2015 for the sum of £213,501. This sale included the tangible and intangible assets of DWR.

The Company continued to trade in the same way as its predecessor, being the treatment and disposal of nonhazardous waste, to include commercial bin waste recovery, waste paper and skip hire.

The Company traded from premises at St Albans Road, Astonfields Industrial Estate, Stafford ST16 3DR, which is owned by connected company, Downings Waste Recycling (Holdings) Limited (‘Oownings Holdings’). The Company employed 20 members of staff to include the directors.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09384213/filing-history/MzIwOTQyNTAxM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09384213

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