Forward Composites Ltd (08378898): administration
- Status
- Administration ended
- Administration began
- 2019-02-25
- Administrators' firm
- Grant Thornton
- Formerly
- Absolute Composites Ltd
- Incorporated
- 2013-01-29
- Location
- London
- Industry
- 30300 Manufacture of air and spacecraft and related machinery
Why it went into administration
- Sustained trading losses
- Loss of a key customer, supplier or contract
- Brexit
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Property / lease costs
- Loss of key people
- Competition / price pressure
From the administrators' statement
The Company was formed in March 2013, having been acquired from the Administration of Lola Composites. The Company was purchased with private venture capital equity, with a number of
private investors being behind a complex ownership structure which was based across both the Isle of Man and the Republic of Ireland.
3.2.
Administrators' statement of proposals (2019-04-24) · Companies House register