Cambrian Associates Limited (02493669): administration
- Status
- Administration ended
- Administration began
- 2025-06-11
- Administrators' firm
- Begbies Traynor
- Formerly
- Covergold Trading Limited
- Incorporated
- 1990-04-19
- Location
- Manchester
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Regulatory change or action
- Creditor pressure / legal action
- COVID-19
- Weak consumer demand
- Sustained trading losses
From the administrators' statement
The Company's principal business activity, commenced in 1973, was providing independent financial advice to individuals and small corporate entities. This involved providing advice on investments, pensions, mortgages, estate and retirement planning and insurance.
The Company was set up in April 1990 to continue these activities and is authorised and regulated by the FCA under firm reference number 158976. The Director has held office since 19 April 1990.
The business was initially capitalised through the introduction of personal funds by the Director. The Company was subsequently funded through cash flow and profit derived from ongoing trade with additional support provided from the Company’s bankers.
Administrators' statement of proposals (2025-08-07) · Companies House register