A.R.G. Electrodesign Limited (01192394): administration
- Status
- Administration ended
- Administration began
- 2017-07-26
- Incorporated
- 1974-12-03
- Location
- Cheltenham
- Industry
- 27900 Manufacture of other electrical equipment
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The company entered into a Company Voluntary Arrangement in April 2011 which successfully
completed in April 2014. Philip Gorman, a retired Partner of Hazlewoods, was the supervisor of the Arrangement.
Since completion of the Arrangement, sales streams have continued to be inconsistent. Whilst the Company developed innovative products, inconsistent trading led to insufficient funds within the business to undertake the level of marketing necessary to generate sales to secure its long-term viability.
Administrators' statement of proposals (2017-09-26) · Companies House register