From the administrators' statement

Based on the discussions with the Directors and my investigations to date, the insolvency of the company was largely due to the following factors: « Failure of debtors to make payment timeously « Insufficient cash flow « No facility for lending

• The director's long period of absence from the business due to critical illness, resulting in lack of management - *¢ Book-keeping which was inadequate for the purpose of producing meaningful management information

Objective of the Administration The main objective of following the Administration route is a below.

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Balance sheet: assets, liabilities, working capital and net assets
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Peter Noble Glazing Company Limited (SC230982)

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