Ambient Interiors Limited (06475949): administration
- Status
- Administration ended
- Administration began
- 2011-08-10
- Administrators' firm
- PKF
- Incorporated
- 2008-01-17
- Location
- Leeds
- Industry
- 4534
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated on 17 January 2008 and traded from ieasehold premises situated at Oval House, 1A Oulton Lane, Rothwell, Leeds, LS26 OEA providing interior design, refurbishment, manufacturing and installation of office interiors
Based on abbreviated unaudited accounts submitted to the Registrar of Companies for the year ended 31 January 2009 and management accounts prepared for the year ending 31 January 2010, the Company had traded profitably. However, in 2011, the Company began to expenence cashflow problems and was subject to increasing creditor pressure from suppliers and HM Revenue & Customs in respect of unpaid tax liabilities
The directors attributed the Company's difficulties to the loss in value of certain substantial final account negotiations, insurance providers reducing the level of cover, the general economic decline in Government spending which resulted in the withdrawal of planned works that were due to commence tn the current fiancial year and extended credit terms
Administrators' statement of proposals (2011-10-11) · Companies House register