KEY Utility Solutions Limited (10551646): administration and why it failed

KEY Utility Solutions Limited (10551646): administration

Status: Administration ended
Administration began: 2019-10-10
Administrators' firm: RSM
Formerly: Cheshireutilitysolutions Ltd
Incorporated: 2017-01-06
Location: Manchester
Industry: 43999 Other specialised construction activities n.e.c.

Why it went into administration

Cash flow / liquidity pressure
Bad debts / customer insolvency

From the administrators' statement

Relevant extracts from the Company’s draft financial statements are summarised below.

Statutory Accounts Period ended 31 December 2019

Statutory Accounts Period ended 31 December 2018

Administrators' statement of proposals (2019-12-09) · Companies House register

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Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
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KEY Utility Solutions Limited (10551646): administration

Why it went into administration

From the administrators' statement

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KEY Utility Solutions Limited (10551646)