IAC 2014 Limited (01517591): administration
- Status
- Administration ended
- Administration began
- 2014-03-11
- Administrators
- Timothy Colin Hamilton Ball, Guy Robert Thomas Hollander
- Administrators' firm
- Mazars
- Formerly
- International Art Consultants Ltd; Art For Offices Limited
- Incorporated
- 1980-09-16
- Location
- Bristol
- Industry
- 90030 Artistic creation
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
- Cash flow / liquidity pressure
From the administrators' statement
The company was incorporated on 16 September 1980 as an art consultancy business under the name Art for Offices Limited The name of the company was changed to International Art Consultants Limited in 1988 As well as the company’s office in London, it operated from offices in Paris, France and Dubai Until recent years the company had generally traded successfully and been profitable
According to the company’s unaudited financial statements prepared for the period from 1 July 2011 to 30 June 2012, the company incurred a loss before tax of £151,027 based on a turnover of £848,698
According to the company’s draft unaudited financial statements prepared for the year ended 30 June 2013, the company incurred a loss before tax of £371,125, based on a turnover of £831,634
Administrators' statement of proposals (2014-05-13) · Companies House register