# Forward Composites Ltd (08378898)

> Why UK company 08378898 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08378898

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08378898/filing-history/MzIzMjcwODkxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08378898

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.