# I.D.D.E.A. Ltd (06339353)

> Why UK company 06339353 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06339353

- **Status:** Administration ended
- **Administration began:** 2023-06-23
- **Incorporated:** 2007-08-09
- **Location:** Wilmslow
- **Industry:** 43210 Electrical installation

## Why it went into administration

- Cash flow / liquidity pressure
- Property / lease costs
- Rising interest rates

## From the administrators' statement

Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.

The Company was founded in 2007 by Ian Dunstone and Peter Cadwgan. It installed solar panels both domestically and commercially.

As the company grew and the order book looked healthy, it began to encounter supply issues on the panels. This created delays in installations and therefore delays in payments which began to cause cash flow issues.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06339353/filing-history/MzM4OTIwMjA3M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06339353

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