ACL Astute 2022 Limited (04440684): administration and why it failed

ACL Astute 2022 Limited (04440684): administration

Status: Administration ended
Administration began: 2022-11-17
Administrators: Jonathan Dunn, Raj Mittal
Administrators' firm: FRP Advisory
Formerly: Arena Coventry Limited; Pinco 1772 Limited
Incorporated: 2002-05-16
Location: Bristol
Industry: 68202 Letting and operating of conference and exhibition centres

Why it went into administration

Cash flow / liquidity pressure
HMRC / tax arrears
Property / lease costs
COVID-19
Funding withdrawn / unable to refinance
Creditor pressure / legal action

From the administrators' statement

Group structure

• The Group was primarily involved in the following activities: UBO - Derek Arthur Richardson

• Operating sports teams (rugby and netball)

Administrators' statement of proposals (2022-12-05) · Companies House register

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ACL Astute 2022 Limited (04440684): administration

Why it went into administration

From the administrators' statement

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ACL Astute 2022 Limited (04440684)