# BEL Assets Ltd (02989841)

> Why UK company 02989841 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02989841

- **Status:** Administration ended
- **Administration began:** 2011-11-07
- **Administrators' firm:** FRP Advisory
- **Formerly:** BSP Engineering Limited; Imageaward Limited
- **Incorporated:** 1994-11-14
- **Location:** Norwich
- **Industry:** 3663

## Why it went into administration

- HMRC / tax arrears
- Creditor pressure / legal action
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Credit insurance / supplier credit withdrawn

## From the administrators' statement

BEL Assets Ltd (“the Company’) was incorporated on 14 November 1994 to produce precision engineering components and had over 20 years experience in the precision

engineering market place.

During this time it gained a good reputation for a fast turnaround on orders and the delivery of high quality parts to tts customers It maintained, and indeed showed growth, In tts customer base even during the economic downturn that started in 2007 Trading was difficult in the

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02989841/filing-history/MzA0ODAzNTczMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02989841

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