# Ward Lovett Advertising and PR Limited (03141761)

> Why UK company 03141761 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03141761

- **Status:** Administration ended
- **Administration began:** 2012-12-27
- **Formerly:** Ward Wilder Limited
- **Incorporated:** 1995-12-28
- **Location:** London
- **Industry:** 73110 Advertising agencies

## Why it went into administration

- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Management failings / irregularities
- Competition / price pressure
- HMRC / tax arrears

## From the administrators' statement

|, Craig Povey, first met with Mr Roberts and a director of the Company, Kerst Ward, on 4 October 2012

At this meeting, | was informed that the Company was tn financial difficulty as tt had been subject to a fraud, allegedly perpetrated by the Company's former book-keeper Whilst this fraud was uncovered some two and a half years ago the cash flow effects were still being felt as the Company was left with a liability to HM Revenue & Customs (“HMRC”) in the region of £220,000

As a result of the alleged fraud the Company has an ongoing legal action against the former accountants However, | was advised that the outcome of the Company's claim is uncertain and the costs of pursing the action along with the lengthy legal : process were causing the Company considerable cash flow difficulties \

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03141761/filing-history/MzA3MzM0Nzg0NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03141761

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