Bowater Industries Limited (08295146): administration
- Status
- Administration ended
- Administration began
- 2017-12-05
- Administrators' firm
- Quantuma
- Formerly
- Bowater Holographics Limited
- Incorporated
- 2012-11-15
- Location
- London
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1 On 9 November 2017, the Board of Directors met with Andrew Andronikou of Quantuma LLP to discuss the options available to the Company. At this point, the
Company was experiencing strong creditor pressure and three statutory demands had previously been received.
3.2 Therefore, after further consideration of the Company’s options, it was decided that the best option was for the Company to be placed into Administration, with a view to proposing a Company Voluntary Arrangement in full and final settlement of the Company's debts
Administrators' statement of proposals (2018-02-06) · Companies House register