DCL Bidco57 Ltd (10462735): administration
- Status
- Administration ended
- Administration began
- 2020-03-12
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Formerly
- CIP Data Collection Limited
- Incorporated
- 2016-11-04
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Directors repart that from late 2018 and during 2019, the Company's sole customer decreased the number of workers it required from the Company's pool of manpower from c500 individuals per day to c289. significantly impacting the Company's revenues
In addition the Company absorbed unforeseen costs required for it to continue to operate as weil as suffering a decrease in manpower requirements from its sole customer prior to the General Election in 2019 due to political uncertainty regarding the future ownership of utility companies
The Company therefore fell behind with payments to HMRC and entered inte a Time-to-Pay arrangement in January 2020 However the Company was unable to maintain payments under the plan and fell into arrears
Administrators' statement of proposals (2020-04-14) · Companies House register