151617 Ltd (07133609): administration
- Status
- Administration ended
- Administration began
- 2019-12-19
- Administrators
- Neil Charles Money
- Administrators' firm
- O Cba Business Solutions
- Formerly
- Advance (International) Limited; ASH 117 Limited
- Incorporated
- 2010-01-22
- Location
- Leicester
- Industry
- 27400 Manufacture of electric lighting equipment
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
151617 Ltd (formerly Advance (International) Limited) (‘the Company”) was incorporated on 22 January 2010 and commenced trading on 6 March 2012. The principal purpose of the Company was the retail of energy efficient lighting to various market sectors and was acquired through a ‘pre-pack’ agreement by Construction Industry Solutions Limited (“COINS”)
At a time when the UK was beginning to focus on its environment, reducing energy usage and pollution, the Company was one of the leading manufacturers to start producing LED efficient lighting. The Company have since developed its products further to provide various lights that can prolong the life of food in the refrigeration market. In addition, the Company designed bespoke products for the point of Sale industry.
Administrators' statement of proposals (2020-02-17) · Companies House register