# Evalve (Southern) Limited (04279473)

> Why UK company 04279473 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04279473

- **Status:** Administration ended
- **Administration began:** 2012-06-20
- **Administrators:** Terry Evans, Richard Howard Toone
- **Administrators' firm:** Insolvency Practitioners of CVR Global
- **Formerly:** Evalve Limited; Toofab Limited
- **Incorporated:** 2001-08-31
- **Location:** Southampton
- **Industry:** 5118

## Why it went into administration

- Bad debts / customer insolvency
- Over-expansion / investment not recovered
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 31 August 2001 as a pipeline products distributer

The Directors at this point were Phil Burch with 20 years experience in the industry and Carl Jones with experience of running and managing businesses in various sectors This allowed a strong sales and product knowledge to be supplemented with a business and financial background

The initial start up funding was provided by the Directors however, as the business grew, thts was supported by a Factoring agreement with Clydesdale Bank Pic

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04279473/filing-history/MzA2MjU3NTA0OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04279473

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