PH Impetus Group Limited (06659488): administration
- Status
- Administration ended
- Administration began
- 2015-03-26
- Administrators
- William James Wright, Richard James Philpott
- Administrators' firm
- KPMG
- Formerly
- PH Impetus Holdings Limited
- Incorporated
- 2008-07-29
- Location
- Birmingham
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
As previously detailed, the Company, along with IASL and PHIH, are holding compantes for IAL, which was the only trading entity within the Group The Group’s majority shareholder is Livingbridge, who effectively owned 49 77% of the Group, with members of the current and former management also having a stake in the business
The Group, which was based on Edgehill Drive, Warwickshire, provided consultancy services to the automotive industry It worked with vehicle manufacturers to assist them, and dealer networks, increase sales of parts and accessories As at the date of our appointment, the Group had approximately 200 members of staff, however all these were employed directly by the Trading Company and therefore unaffected by the administration
3.2 Funding and financial position of the Company
Administrators' statement of proposals (2015-05-07) · Companies House register