Braven Limited (08372655): administration and why it failed

Braven Limited (08372655): administration

Status: Administration ended
Administration began: 2022-07-14
Administrators: Phillip Rodney Sykes, Damian Webb
Administrators' firm: RSM
Incorporated: 2013-01-24
Location: London
Industry: 43290 Other construction installation

Why it went into administration

Cash flow / liquidity pressure
Loss-making contracts / project overruns
Rising costs / inflation
Sustained trading losses
Credit insurance / supplier credit withdrawn
Brexit

From the administrators' statement

We do not have specific full accounts available for the Company. Relevant extracts from the Group’s audited financial statements and management accounts are summarised below.

Please note that these accounts are consolidated and include Group activities:

18 me Period Period Period Period

Administrators' statement of proposals (2022-08-01) · Companies House register

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Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
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