# Adiwell Limited (05167787)

> Why UK company 05167787 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05167787

- **Status:** Administration ended
- **Administration began:** 2015-09-14
- **Administrators:** Kerry Bailey, Sarah Megan Rayment
- **Administrators' firm:** BDO
- **Incorporated:** 2004-07-01
- **Location:** Liverpool
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 1 July 2004 as a joint property venture between Flodrive Holdings Limited (“FHL”) and EBNZ Limited

The Company owns and manages 12 commercial and residential properties. Four of the properties were funded by West Bromwich Commercial Limited (“WBCL”), with the remainder being financed by HSBC Bank Plc (“HSBC”) (together “the Banks”).

The Company has historically been loss making and the audited accounts for the year ended 30 April 2014 suggest that it was insolvent on a balance sheet basis However, the joint venture partners have been financially supportive, making contributions when required

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05167787/filing-history/MzEzNDk4MDcwNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05167787

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