Bebbington & Wilson Limited (05171130): administration
- Status
- Administration ended
- Administration began
- 2022-11-02
- Administrators
- Richard Cole, Steve Kenny
- Administrators' firm
- KBL Advisory
- Incorporated
- 2004-07-05
- Location
- Sale
- Industry
- 43210 Electrical installation
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
3.1
3.2
The Company’s accountants, JT Thomas & Co, introduced the Directors to Insolvency Practitioners at KBL Advisory Limited (“KBL”) on 6 October 2022. A review of the Company’s cash-flow revealed that there would be insufficient working capital available to allow the Company to continue to trade in the short to medium term without worsening the creditor position.
Administrators' statement of proposals (2022-12-21) · Companies House register