Cfsgl Realisations 2020 Limited (10856302): administration
- Status
- Administration ended
- Administration began
- 2020-09-25
- Administrators' firm
- Deloitte
- Formerly
- Cartwright Fleet Services (Glasgow) Limited
- Incorporated
- 2017-07-07
- Location
- Birmingham
- Industry
- 29100 Manufacture of motor vehicles
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Creditor pressure / legal action
- HMRC / tax arrears
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
As noted on the previous page, the profitability of the Group was on a downward trajectory which was
- largely attributed to the SCSC business operating in
a loss making position.
Administrators' statement of proposals (2020-11-02) · Companies House register