Cherwell Tobacco Factors LLP (OC332806): administration and why it failed

Cherwell Tobacco Factors LLP (OC332806): administration

Status: Administration ended
Administration began: 2015-02-24
Administrators: Lindsey J Cooper, Jeremy Nigel Ian Woodside
Administrators' firm: Baker Tilly Restructuring and Recovery
Incorporated: 2007-11-14
Location: Manchester

Why it went into administration

Sustained trading losses
Parent or group failure
Funding withdrawn / unable to refinance
Cash flow / liquidity pressure

From the administrators' statement

Relevant extracts from the LLP’s audited financial statements and management accounts are summarised overleaf

Profit & Loss Account

Turnover

Administrators' statement of proposals (2015-04-30) · Companies House register

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Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts

Cherwell Tobacco Factors LLP (OC332806): administration

Why it went into administration

From the administrators' statement

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Cherwell Tobacco Factors LLP (OC332806)