# Bravell Limited (05165851)

> Why UK company 05165851 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05165851

- **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,

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05165851/filing-history/MzA2NDM2MTUwM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05165851

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