Pimpernels Limited (04258697): administration
- Status
- In administration
- Administration began
- 2009-07-14
- Administrators
- Kirankumar Mistry
- Administrators' firm
- Grant Thornton
- Formerly
- Bodacious Limited
- Incorporated
- 2001-07-25
- Location
- Leicester
- Industry
- 5134
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
41 As mentioned, the Company was set up by the original Directors and initially remained dormant, commencing trading in the financial year 2006/7. The former director Mr P Nicholls supported trading in the form of an unsecured loan, but this ultimately proved insufficient to meet the ongoing cash needs of the business.
42 From the outset of trading the Company experienced difficulties with its cash flow and this, coupled with the growing pressure, demands and threats of recovery action from its creditors, meant it was unable to meet its liabilities. The Company's Director believed it to be in the best interests for the Company and its creditors to enter Administration after seeking professional advice.
4.3 On 8 July 2009, the Company's Director made the necessary declaration in elation to a Notice of appointment of an Administrator and it was subsequently filed at Court. The appointment of the Administrator took effect from 14 July 2009.
Administrators' statement of proposals (2009-09-04) · Companies House register