# Avon Barrier Company Limited (02297622)

> Why UK company 02297622 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02297622

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02297622/filing-history/MzA5Njg0NDEyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02297622

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.