Broad Bean Events Ltd (08670583): administration
- Status
- Administration ended
- Administration began
- 2021-03-01
- Administrators
- Lee De'Ath, Richard Howard Toone
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2013-08-30
- Location
- Colchester
- Industry
- 77390 Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Why it went into administration
- COVID-19
From the administrators' statement
Since its incorporation in 2013 the Company traded as an events promotion business and achieved year on year growth through to 2019. However, the global COVID 19 pandemic severely disrupted the Company's ability to trade, and Begbies Traynor (formerly CVR Global LLP) were approached in late 2020 to provide formal insolvency advice. Further details of the Company’s trading history and Begbies Traynor’s involvement is included within Appendix 4.
Prior to appointment, Begbies Traynor undertook various work in order to further the achievement of the objective of the administration as detailed herein. The work included the following material tasks:-
Review and analysis of the Company’s financial position;
Administrators' statement of proposals (2021-05-17) · Companies House register