GBM Minerals Engineering Consultants Limited (02903467): administration
- Status
- Administration ended
- Administration began
- 2019-01-09
- Administrators' firm
- Michael Wilson & Partners
- Incorporated
- 1994-03-01
- Location
- Egham
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
3.1 Asa result of the settlement agreement that the Company entered into with MWP, the Company was required to clear all of MWP’s invoices by 10 January 2019.
3.2 The Company was not in a position to settle the amounts due to MWP and MWP had advised that if payment was not forthcoming by 10 January 2019 then they would issue a winding-up petition.
Pursuant to Schedule 81 of the insolvency Act 1986 —— ee EE eee
Administrators' statement of proposals (2019-03-18) · Companies House register