Ellin House Ltd (08698323): administration
- Status
- Administration ended
- Administration began
- 2017-05-24
- Administrators
- Claire Elizabeth Dowson, Joanne Louise Hammond
- Administrators' firm
- Begbies Traynor
- Formerly
- GVT Limited
- Incorporated
- 2013-09-19
- Location
- Sheffield
- Industry
- 69201 Accounting and auditing activities
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The GVT partnership was founded in 2003 and traded as an accountancy practice with Edward (Mark) Goodband and Melanie Viner latterly as equal partners. The business was incorporated in 2013 with Mr Goodband and Ms Viner becoming directors and equal shareholders in the Company.
The Company began to suffer cashflow difficulties in 2016 as a resuit of Ms Viner's illness and the capital structure of the business.
To allow the Company to continue trading, further funding was secured via Barclays Bank Plc and Ms Viner introduced additional capital via her director's loan account.
Administrators' statement of proposals (2017-07-31) · Companies House register