# International Cable Management Limited (SC241392)

> Why UK company SC241392 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC241392

- **Status:** Administration ended
- **Administration began:** 2019-05-13
- **Administrators:** Blair Carnegie Nimmo, Geoffrey Isaac Jacobs
- **Administrators' firm:** KPMG
- **Formerly:** Caspian International Cables Limited; Mountwest 444 Limited
- **Incorporated:** 2002-12-19
- **Location:** Glasgow
- **Industry:** 09100 Support activities for petroleum and natural gas mining

## Why it went into administration

- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The Company, previously known as Caspian International Cables Limited, was incorporated in December 2002 as a supplier of electrical cables, and associated products and accessories, to commercial customers, comprising, predominantly, oil and gas producers and oilfield services companies.

The Company had three employees at inception and operated from leased premises in Aberdeen.

During its early years of trading, the Company generated turnover of c£600,000, from which modest profits before tax were achieved. In 2007, the Company opened a branch in Dubai and in 2009 established a separate limited liability partnership in Kazakhstan.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC241392/filing-history/MzIzODgxNzAxM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC241392

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