Valldata Group Limited (07425894): administration
- Status
- Administration ended
- Administration began
- 2016-05-13
- Administrators
- William James Wright, Christopher Robert Pole
- Administrators' firm
- KPMG
- Formerly
- Newincco 1056 Limited
- Incorporated
- 2010-11-01
- Location
- Birmingham
- Industry
- 70100 Activities of head offices
Why it went into administration
- Parent or group failure
- Competition / price pressure
- Sustained trading losses
From the administrators' statement
The Company, incorporated in 2010, is the holding company of the group detailed in Section 2 above The Company operated from leasehold premises in Melksham, Wiltshire and had two employees at the date of our appointment
3.2 Funding and financial position of the Company
In the year ended 31 March 2015, according to the audited accounts, the Group had a turnover of £9 2m with a corresponding loss before tax of £1 3m The Group's consolidated turnover fell by 13% to £8 Omillion for the year ended 31 March 2016 ’
Administrators' statement of proposals (2016-06-09) · Companies House register