Pro-Innovation Solutions Limited (08163737): administration
- Status
- Administration ended
- Administration began
- 2019-07-23
- Administrators' firm
- BV Corporate Recovery & Insolvency Services
- Incorporated
- 2012-08-01
- Location
- Stockport
- Industry
- 38320 Recovery of sorted materials
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
| have had several meetings with the director in the weeks leading to my appointment in relation to the company’s affairs generally as set out.
The business was set up in 2013 and acquired the principal assets and Goodwill following the Administration of Manga-Fu Limited, a connected company. | was the appointed Administrator. Its Administration had come about as a result of the adverse effects of litigation.
The company’s Director sought advice from my firm recently as a result of receipt of a back-dated rent and dilapidations claim totalling some £110,000. The company was not able to meet that claim Enforcement action was threatened notwithstanding an offer to pay the current rent quarter over 3 monthly instalments by the current landlord too. In addition, certain problems were experienced with the Environment Agency as a result of the company’s treatment of electrical waste.
Administrators' statement of proposals (2019-09-09) · Companies House register