Avon Barrier Company Limited (02297622): administration
- Status
- Administration ended
- Administration began
- 2014-02-07
- Administrators
- Richard Michael Hawes, Robin David Allen
- Administrators' firm
- Deloitte
- Formerly
- Morevalue Limited
- Incorporated
- 1988-09-19
- Location
- Bristol
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
A statement of events leading to the Administration has been provided by a Company Director as set out below
“In 2010, the Company received a large order from Kuwait Oil Company that was budgeted to create an additional £1 2m of profit over the contract penod (in addition to normal operating profits)
In 2011, the shareholders took the decision to commence a sales process A number of interested parties carned out due diligence and submitted offers for the business over the 12 following months
Administrators' statement of proposals (2014-03-24) · Companies House register