# Carlton Forest Group Holdings Limited (12159431)

> Why UK company 12159431 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12159431

- **Status:** Administration ended
- **Administration began:** 2024-03-28
- **Administrators:** James Ronald Lumb, Howard Smith
- **Administrators' firm:** Interpath Advisory
- **Incorporated:** 2019-08-16
- **Location:** Leeds
- **Industry:** 64209 Activities of other holding companies n.e.c.

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Parent or group failure

## From the administrators' statement

At the end of 2023, Carlton Forest 3PL lost a large contract with its major customer, which resulted in a significant reduction in revenue and a material deterioration in the Group’s working capital.

In addition, investments in wider Group projects were significant, with the forecast revenue from these projects not meeting expectation. This resulted in a funding requirement for the Group.

Management initiated a turnaround plan, which involved bringing Group assets to the market for sale and implementing material cost reductions.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12159431/filing-history/MzQyMzI5ODcxNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12159431

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