JB Global Limited (05573571): administration and why it failed

JB Global Limited (05573571): administration

Status: Administration ended
Administration began: 2020-06-15
Administrators: Robert James Harding, Daniel James Mark Smith
Administrators' firm: Deloitte
Incorporated: 2005-09-26
Location: Birmingham
Industry: 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store

Why it went into administration

COVID-19
Funding withdrawn / unable to refinance
Sustained trading losses

From the administrators' statement

• Reasons for failure & financial distress

The Company began experiencing a decline in trading

performance in 2018, attributed to adverse movements |

Administrators' statement of proposals (2020-07-02) · Companies House register

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JB Global Limited (05573571): administration

Why it went into administration

From the administrators' statement

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JB Global Limited (05573571)