Oasis and Warehouse Limited (07410874): administration
- Status
- Administration ended
- Administration began
- 2020-04-15
- Administrators
- Richard Michael Hawes, Robert James Harding
- Administrators' firm
- Deloitte
- Formerly
- Aurora Central Services Limited; HS 520 Limited
- Incorporated
- 2010-10-18
- Location
- Birmingham
- Industry
- 74990 Non-trading company
Why it went into administration
- Cash flow / liquidity pressure
- COVID-19
- Sustained trading losses
From the administrators' statement
Steps taken to remedy /turnaround (continued)
Management investigated a number of operational restructuring options, including a review of the potential cost savings available to the business:
However, the challenges in the retail market prior to CVOID-19 resulted in an ‘underperformance vs plan.
Administrators' statement of proposals (2020-06-18) · Companies House register