# Teamdrainageuk Ltd (12436329)

> Why UK company 12436329 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12436329

- **Status:** Administration ended
- **Administration began:** 2024-07-19
- **Administrators:** Frances Henshaw
- **Formerly:** Team Civils Limited
- **Incorporated:** 2020-01-31
- **Location:** Manchester
- **Industry:** 42110 Construction of roads and motorways

## Why it went into administration

- Cash flow / liquidity pressure
- HMRC / tax arrears
- Competition / price pressure

## From the administrators' statement

3.1 In the period immediately prior to the Administration, the company’s cashflow had deteriorated further and the invoice discounting facility was once again at its maximum. No overdraft facility was available and therefore the director sought alternative financing. 3.2

3.3

3.4

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12436329/filing-history/MzQzMTMyNzg5OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12436329

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