Eartheat Limited (06652465): administration
- Status
- Administration ended
- Administration began
- 2017-05-30
- Administrators
- Nicholas Charles Osborn Lee, Dean Anthony Nelson
- Administrators' firm
- Smith Cooper
- Incorporated
- 2008-07-22
- Location
- Nottingham
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
3-1 On 8 May 2017, the Company's external management accountant approached Smith Cooper to advise on the options available to the Company due to potential cash flow difficulties which were anticipated to crystallise.
Smith Cooper undertook a brief review of the business and the options available in the circumstances. It was concluded that the online marketing campaign, year long order book and comprehensive work in progress, would all have no realisable value in the event that the business ceased to trade and was placed into Liquidation.
Subsequently, Smith Cooper began preparing a sale of business flyer to circulate to companies in likewise industries throughout the United Kingdom.
Administrators' statement of proposals (2017-06-15) · Companies House register