Inovello Limited (06984005): administration
- Status
- Administration ended
- Administration began
- 2019-07-08
- Administrators
- John Phillip Walter Harlow
- Administrators' firm
- Peak Management Associates (Ashbourne)
- Incorporated
- 2009-08-06
- Location
- Leicester
- Industry
- 31090 Manufacture of other furniture
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Parent or group failure
- Competition / price pressure
From the administrators' statement
The business was incorporated on 6 August 2009, the main objects being that of joiners, Manufacturers of fumiture and light engineering. It specialised in the design and Manufacture of display furniture and equipment for the museum and heritage industry.
The directors were Mr Ian Bennett and Mr Keith Croysdale, Mr Bennett being the sole shareholder.
The company employed a team of four skilled cabinet makers and finishers, one apprentice and two office administrative staff.
Administrators' statement of proposals (2020-05-20) · Companies House register