Milton Bayer Communications Limited (03270710): administration
- Status
- Administration ended
- Administration began
- 2014-08-01
- Administrators' firm
- F A Simms & Partners
- Incorporated
- 1996-10-29
- Location
- Lutterworth
- Industry
- 73110 Advertising agencies
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
F A Simms & Partners were initially approached by Mr Raymond Wellington, the director of Milton Bayer Communications, on the 6 June 2014 A meeting was arranged for 6 June 2014 with Mr Wellington and the Company's accountants, Cube Partners Limited At this meeting the financial position of the Company was discussed, | also advised on the options available for the Company, as Mr Wellington deemed the Company to be insolvent
Mr Wellington made contact with F A Simms & Partners following a referral from accountants, Cube Partners Limited
A summary of the Company's recent trading performance is shown in Appendix 2. The Company’s managerial accounts have not yet been reviewed by the Joint Administrators and will be requested in due course as part of their statutory review of the Company's affairs
Administrators' statement of proposals (2014-09-17) · Companies House register