Acoustic Technology U.K. Ltd (07863670): administration
- Status
- Administration ended
- Administration began
- 2013-04-11
- Administrators
- Andrew James Nichols, John William Butler
- Administrators' firm
- Metis Partners and Gilbert Baitson
- Incorporated
- 2011-11-29
- Location
- Driffield
- Industry
- 27900 Manufacture of other electrical equipment
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The company operated as a manufacturer of musical amplification equipment It had approximately 10 employees including the Company director
The Company commenced trading in 2012 having obtained funding from Finance Yorkshire and The Acorn Fund, Hull Finance Yorkshire had advanced approximately £150,000 and The Acorn Fund had advanced approximately £25,000. As a condition of their funding, Finance Yorkshire had appointed a director to sit on the board of directors.
They also introduced a finance controller to assist with the Company’s book keeping
Administrators' statement of proposals (2013-06-13) · Companies House register