Brightled Ltd (07680493): administration
- Status
- Administration ended
- Administration began
- 2025-08-12
- Administrators
- Paul Stanley, Dean Watson
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-06-23
- Location
- Manchester
- Industry
- 46660 Wholesale of other office machinery and equipment
Why it went into administration
- Sustained trading losses
From the administrators' statement
In recent months, the company has faced a confluence of severe financial pressures that have significantly impacted our trading position. These challenges culminated in a decision to place the company into administration. The primary factors were due to deteriorating Cash Flow. Despite an excellent pipeline of projects, many of which we were in pole position to win when decisions were made to progress, a significantly increasing time for these decisions to be made meant monthly revenue declined versus expectations. Overhead reductions were undertaken at multiple points but extended project timelines, combined with our overdraft facility being reduced, severely affected our ability to maintain a healthy cash flow.
Administrators' statement of proposals (2025-10-03) · Companies House register