# Ideabright Limited (02326656)

> Why UK company 02326656 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02326656

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02326656/filing-history/MzE4NzU2MDUwNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02326656

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