Silverbird Travel Limited (01937719): administration
- Status
- Administration ended
- Administration began
- 2011-04-20
- Administrators' firm
- Menzies
- Incorporated
- 1985-08-09
- Location
- London
- Industry
- 6330
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Cash flow / liquidity pressure
From the administrators' statement
31 Historically the Company has traded successfully with the Company enjoying repeat business from many customers
32 The Company started to experience difficulties in 2009 and 2010 and, as a result, its turnover fell resulting in STL reporting a loss in both periods Attached at Appendix 1 ts an extract from the Company's financial statements
33 The directors advised that the principal reasons for the fall in the Company's turnover which resulted in STL becoming loss making were as follows’
Administrators' statement of proposals (2011-06-03) · Companies House register