Innerhouse Surfacing Limited (02001662): administration
- Status
- Administration ended
- Administration began
- 2012-06-22
- Formerly
- Innerhouse Limited
- Incorporated
- 1986-03-19
- Location
- Birmingham
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
Moore Stephens LLP were initially approached by lan Childs, the director of the Company, and his independent advisor on 28 May 2012 to discuss in outline the financial position of the AWiGroup of Companies
Efforts had been made to seek additional capital, or a potential sale of the business, but both were unlikely to succeed Assessments were being done of likely work and cash flows, to explore the prospects of continuing to trade and/or maximising the recovenes from customers for creditors At a later meeting on 6 June 2012, the prospect of saving the Company had receded, but debt collection was a continued focus to benefit creditors
On 15 June 2012 an outline idea was discussed to preserve Warwickshire Building & Maintenance Limited (“WBM"), a further subsidiary of AWI, and the only one potentially capable of future profit
Administrators' statement of proposals (2012-08-07) · Companies House register