Slowhit Limited (06897989): administration
- Status
- Administration ended
- Administration began
- 2018-11-27
- Administrators' firm
- BDO
- Incorporated
- 2009-05-07
- Location
- Liverpool
- Industry
- 82990 Other business support service activities n.e.c.
From the administrators' statement
The Company was incorporated on 7 May 2009.
The Company, together with Slowhit FS Limited have grown rapidly with investment in people and infrastructure, with resultant pressure on working capital facilities. Negotiations for a significant equity investment stalted and without any alternative additional funding available, the Company could not trade beyond the short term and requested BDO’s assistance.
Accordingly, the Company instructed BDO LLP to commence an Accelerated M&A process (‘AMA’) in accordance with an Engagement Letter dated 13 November 2018.
Administrators' statement of proposals (2018-12-27) · Companies House register