Ideabright Limited (02326656): administration
- Status
- Administration ended
- Administration began
- 2017-08-09
- Administrators' firm
- Kroll
- Incorporated
- 1988-12-08
- Location
- Birmingham
- Industry
- 47520 Retail sale of hardware, paints and glass in specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
Statutory information on the Company and a summary of its financial history is included at Appendix 1.
The Company specialised in the sale of home hardware products. The Company had operated in London from three different stores under the names Posh Rosh, Clean Up and Dibranto and traded online, however, as at the Appointment Date only one store and the head office in Chessington remained open.
The Company employed 16 staff between the remaining store and head office. The Company banked with the Secured Creditor and Barclays.
Administrators' statement of proposals (2017-10-11) · Companies House register