Aegh Ltd (06548022): administration
- Status
- Administration ended
- Administration began
- 2012-10-31
- Administrators
- Daniel Francis Butters, Dominic Lee Zoong Wong
- Administrators' firm
- Deloitte
- Formerly
- AWS Electronics GH (2008) Ltd; AWS Electronics Group Holdings Limited
- Incorporated
- 2008-03-28
- Location
- Leeds
- Industry
- 27320 Manufacture of other electronic and electric wires and cables
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Despute protracted discussions, AGH’s shareholders have been unable to agree on the basis for the new investment (circa £1m to £1.5m) which was required to provide the Group with medium term liquidity headroom.
On 1! June 2012, the Bank instructed Deloitte LLP to undertake a review of the Group's short term cash flow forecast and also review the Bank’s options in respect of its future lending strategy towards the Group.
Further to that review, the Bank then instructed Deloitte LLP (on 28 June 2012) to market the Group $ share capital and/or business & assets for sale Thts marketing process is covered in
Administrators' statement of proposals (2012-12-17) · Companies House register