# Rovac Aerospace Limited (06864397)

> Why UK company 06864397 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06864397

- **Status:** Administration ended
- **Administration began:** 2014-10-29
- **Administrators:** Scott Christian Bevan, Simon David Chandler
- **Administrators' firm:** Mazars
- **Incorporated:** 2009-03-31
- **Location:** Nottingham
- **Industry:** 33160 Repair and maintenance of aircraft and spacecraft

## Why it went into administration

- Cash flow / liquidity pressure
- Property / lease costs

## From the administrators' statement

We were first introduced to the director on 7 August 2014 by a party who was interested in investing in the business

Discussions with the interested party broke down in relation to the sale of the busimess as well as discussions with a debtor regarding funds that were due to the Company Mr Owens was subsequently introduced to insolvency practitioners from BDO LLP (“BDO”) who were engaged to act as the proposed Administrators A notice of intention to appoint Administrators was filed at Court and BDO commenced the marketing the Company’s business and assets for sale

It 1s our understanding that an extensive marketing campaign was conducted by BDO and Owens, however no purchaser could be found The director was of the opinion that there was money due from one of its debtor and wished to explore the possibility of recovering this money outside the Administration process As a result, BDO’s appointment as Administrators was never finalised

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06864397/filing-history/MzExNDExMTYxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06864397

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