From the administrators' statement

The company started to experience cash flow problems due to reducing turnover, This, coupled with the growing pressure, demands and threats of recovery/legal action from its creditors meant it was soon unable to meet its liabilities.

The directors were concerned that the existing assets of the company needed to be protected and maximised and believed it to be in the best interests for the company and its creditors to enter Administration after seeking professional advice.

Management by the Administrator of the Affairs and Business of the Company since Appointment and Future Management

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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

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Company Reporting Limited (SC121603)

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