Acorn FIT OUT Ltd (08228042): administration
- Status
- Administration ended
- Administration began
- 2018-02-27
- Formerly
- Acornfit OUT Ltd
- Incorporated
- 2012-09-25
- Location
- Canary Wharf
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The Company was incorporated on 25 September 2012 and its principal trading activity was the interior fit out of commercial buildings. It started trading shortly after incorporation from premises at Kinetic Business Centre, Theobald Street, Elstree, Hertfordshire WD6 4PJ leased by a connected company, Acorn Refurbishments Limited (“CARL”). The Company occupies part of the premises under licence and is invoiced by ARL for rent and services in this regard at a rate of £900 plus VAT per month, payable monthly. The licence is terminable by either party on one month’s notice.
Extracts from the Company’s available Financial Statements are as detailed below:
Year Year Year ended ended ended 30-09-2017 30-09-2016 30-09-2015
Administrators' statement of proposals (2018-05-03) · Companies House register