Triwonder Signs Limited (02159540): administration and why it failed

Triwonder Signs Limited (02159540): administration

Status: Administration ended
Administration began: 2024-03-14
Administrators: Benjamin John Wiles, Philip Joseph Dakin
Administrators' firm: Kroll
Formerly: Rayface Limited
Incorporated: 1987-08-31
Location: London
Industry: 33110 Repair of fabricated metal products

Why it went into administration

HMRC / tax arrears
COVID-19
Sustained trading losses
Competition / price pressure
Weak consumer demand
Rising costs / inflation
Funding withdrawn / unable to refinance

From the administrators' statement

Statutory information on the Company is included at Appendix 1.

The Company formed part of the Group as follows:

Triwonder Group Limited (HoldCo)

Administrators' statement of proposals (2024-04-03) · Companies House register

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Triwonder Signs Limited (02159540): administration

Why it went into administration

From the administrators' statement

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Triwonder Signs Limited (02159540)