# Raven Holdings Limited (05434371)

> Why UK company 05434371 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05434371

- **Status:** Administration ended
- **Administration began:** 2016-04-21
- **Administrators:** Diana Frangou, Guy Edward Brooke Mander
- **Administrators' firm:** RSM
- **Formerly:** Redi-166 Limited
- **Incorporated:** 2005-04-25
- **Location:** Birmingham
- **Industry:** 31090 Manufacture of other furniture

## Why it went into administration

- Loss of a key customer, supplier or contract
- Funding withdrawn / unable to refinance
- Supply chain disruption
- HMRC / tax arrears

## From the administrators' statement

Bnef background

Ultra was incorporated in September 1986 It manufactured and sold upholstered furniture for UK household retailers from leased premises in the West Midlands

It was largely profitable, however in January 2014, technical problems were identified with an Ultra product being sold to its main customer The outcome was a £1 million direct loss (mitigated by a refund from suppliers totaling £0 6 million) plus an ongoing effect on trading in the short and medium term

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05434371/filing-history/MzE0ODg5MDUwNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05434371

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