# Time Rainham Limited (10675220)

> Why UK company 10675220 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10675220

- **Status:** Administration ended
- **Administration began:** 2022-11-14
- **Administrators:** Richard Howard Toone, Craig Povey
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Time Laser Cutting Limited
- **Incorporated:** 2017-03-16
- **Location:** Birmingham
- **Industry:** 25110 Manufacture of metal structures and parts of structures

## From the administrators' statement

The failure of the Company is attributed to the following:

• The lack of orders necessary to secure the volumes necessary to breakeven

• The additional capital investment of c. GBP 125k in additional machinery and working capital to meet the necessary volumes to break even.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10675220/filing-history/MzM2NDc3NDAyOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10675220

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