Oval Venues Limited (08501737): administration
- Status
- Administration ended
- Administration began
- 2022-12-23
- Administrators' firm
- Quantuma
- Formerly
- Oval Venues Limited Limited; The Pickle Factory Limited
- Incorporated
- 2013-04-24
- Location
- Watford
- Industry
- 56210 Event catering activities
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Nicholas Simmonds of Quantuma Advisory Limited was first approached by the Company on 13 October 2022 and subsequently instructed on 14 November 2022.
Following a review of the financial position together with various discussions with the Directors it was established that the Company was insolvent on both balance sheet basis and cash flow
basis, as the Company could not pay its debts as and when they fell due without continued financial support.
Administrators' statement of proposals (2023-02-20) · Companies House register