# Vale Brothers Limited (03819106)

> Why UK company 03819106 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03819106

- **Status:** Administration ended
- **Administration began:** 2023-10-18
- **Administrators:** Diana Frangou, Christopher Lewis
- **Administrators' firm:** RSM
- **Formerly:** Open Daily Limited
- **Incorporated:** 1999-08-03
- **Location:** Birmingham
- **Industry:** 15120 Manufacture of luggage, handbags and the like, saddlery and harness

## Why it went into administration

- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Rising costs / inflation
- Supply chain disruption
- Creditor pressure / legal action
- Sustained trading losses

## From the administrators' statement

Relevant extracts from the Company's filed financial statements and management accounts are summarised below:

Period ended FY21 FY22 7 months Statutory Statutory to July

account accounts | 2023-MA

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03819106/filing-history/MzM5NzY1NzkzNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03819106

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