Mews Media (West) Ltd (07081581): administration
- Status
- Administration ended
- Administration began
- 2012-07-17
- Administrators
- Geoffrey Wayne Bouchier, Jason James Godefroy
- Administrators' firm
- Kroll
- Formerly
- PD Sound Limited
- Incorporated
- 2009-11-19
- Location
- London
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The group management accounts, which includes the entites referred to In paragraph 2 2, together with DGP, reported a loss of £126,038 during the 11 months to 29 February 2012
The Company was suffering due to insufficient working capital and as a result of these financial difficulties, tt accrued liabilities to HMRC in excess of £500,000 In addition, trade creditors were threatening legal action with respect to unpaid invo:ces
The Company approached Regency to discuss its deteriorating financial position Regency then introduced the Directors to Duff & Phelps and, on 1 June 2012, Duff & Phelps met with the Company's management
Administrators' statement of proposals (2012-09-20) · Companies House register