# Group Novo Limited (06658354)

> Why UK company 06658354 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06658354

- **Status:** Administration ended
- **Administration began:** 2011-08-31
- **Administrators:** Matthew Ingram, Jason James Godefroy
- **Administrators' firm:** Kroll
- **Formerly:** Brayco 1 Limited
- **Incorporated:** 2008-07-29
- **Location:** London
- **Industry:** 5190

## Why it went into administration

- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Competition / price pressure

## From the administrators' statement

21 Statutory information on the Companies and summaries of their financial positions are included at Appendix 1

Novo

2.2 Novo was incorporated tn July 2008 by the Directors with the intention of facilitating a BIMBO of Pyramid with the assistance of certain of Pyramid’s management team at the time. The business of Pyramid ts mentioned further below

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06658354/filing-history/MzA0NTcxMjE5MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06658354

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