Weswap.Com Limited (07189664): administration and why it failed

Weswap.Com Limited (07189664): administration

Status: Administration ended
Administration began: 2021-11-24
Administrators: Allister Manson, Steven John Parker
Administrators' firm: Opus Restructuring
Formerly: Weswapnow.Com Limited; Deliveryhub Limited
Incorporated: 2010-03-15
Location: Milton Keynes
Industry: 63990 Other information service activities n.e.c.

Why it went into administration

COVID-19
Cash flow / liquidity pressure
Creditor pressure / legal action

From the administrators' statement

3.1 As mentioned above, the Company operated in the travel sector. In March 2020,

governments around the World introduced widespread _ restrictions on international travel as a result of Covid, causing the Company’s revenues to be cut almost to zero.

3.2 The Board immediately took a number of cost-saving measures in an attempt for

Administrators' statement of proposals (2021-12-18) · Companies House register

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