Bravell Limited (05165851): administration
- Status
- Administration ended
- Administration began
- 2012-07-23
- Administrators
- Brian Green, Paul Andrew Flint
- Administrators' firm
- KPMG
- Incorporated
- 2004-06-29
- Location
- Manchester
- Industry
- 7415
Why it went into administration
- Supply chain disruption
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Group management team led by Spencer Lee acquired the share capital of both Bravell and its subsidiary N&W from the Executors of the late Philip Gray’s estate in October 2010
Bank lending was used to assist in financing the acquisition along with a confidential invoice discounting facility which was primarily provided to assist in funding the working capital requirement of N&W, which was the only trading Company within the Group
The funding lines are secured against N&W’s stock, debtors and plant and machinery,
Administrators' statement of proposals (2012-09-19) · Companies House register