# NC 2026 Limited (12367935)

> Why UK company 12367935 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12367935

- **Status:** In administration
- **Administration began:** 2026-03-27
- **Administrators:** Anthony John Wright, Alastair Massey
- **Administrators' firm:** FRP Advisory
- **Formerly:** Niclen UK Limited
- **Incorporated:** 2019-12-17
- **Location:** London
- **Industry:** 77390 Renting and leasing of other machinery, equipment and tangible goods n.e.c.

## Why it went into administration

- HMRC / tax arrears

## From the administrators' statement

Following the UK’s departure from the European Union, the Company sought professional advice from a customs agent and tax advisor regarding the appropriate treatment of equipment imported from Germany for fulfilment of UK customer orders.

In December 2024, HMRC initiated a routine audit of the Company’s records and concluded that the Company had been using the incorrect VAT accounting method for imported rental equipment. Based on the alternative method advised by HMRC, it could result in the Company owing HMRC c.£4.7m.

As a result, the Company sought advice from DLA to challenge and clarify the appropriate VAT treatment. In August 2025, the Company’s solicitors, DLA, introduced the board to Tony Wright of FRP to seek professional restructuring advice.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12367935/filing-history/MzUxNDE0NDg0NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12367935

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