Fieldtrack Limited (SC193478): administration and why it failed

Fieldtrack Limited (SC193478): administration

Status: Administration ended
Administration began: 2017-09-28
Administrators: Craig Johns, Jason Mark Elliot, Nick Brierley
Administrators' firm: Cowgill Holloway Business Recovery
Incorporated: 1999-02-15
Location: Lanark
Industry: 77320 Renting and leasing of construction and civil engineering machinery and equipment

Why it went into administration

Loss of a key customer, supplier or contract
Sustained trading losses
Creditor pressure / legal action
Property / lease costs
Cash flow / liquidity pressure
Competition / price pressure

From the administrators' statement

3.1

3.2

3.3

Administrators' statement of proposals (2017-11-07) · Companies House register

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Fieldtrack Limited (SC193478): administration

Why it went into administration

From the administrators' statement

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Fieldtrack Limited (SC193478)