Klarius Group Limited (06300593): administration
- Status
- Administration ended
- Administration began
- 2013-02-06
- Administrators' firm
- KPMG
- Incorporated
- 2007-07-03
- Location
- Manchester
- Industry
- 29320 Manufacture of other parts and accessories for motor vehicles
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
The Company was incorporated in 2007 and acted as a holding company to the Group The principal activity of the Group was that of a manufacturer and distributor of automotive car components to the aftermarket throughout the UK and Europe
The Company’s subsidiary company, QHA, was placed into administration on 6 February 2013 by virtue of the cross guarantees held by the secured creditor within the Group
The Company had ten employees at the date of the Admunistrators’ appointment, including three Directors
Administrators' statement of proposals (2013-04-08) · Companies House register