# Dell Bidco Limited (08746949)

> Why UK company 08746949 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08746949

- **Status:** Administration ended
- **Administration began:** 2015-08-13
- **Administrators:** William Kenneth Dawson, Daniel Francis Butters
- **Administrators' firm:** Deloitte
- **Incorporated:** 2013-10-24
- **Location:** Birmingham
- **Industry:** 70100 Activities of head offices

## Why it went into administration

- Funding withdrawn / unable to refinance
- Parent or group failure
- Weather / natural events

## From the administrators' statement

The Group experienced trading difficulties in iate 2014 and earty 2015 whan certain product quatty wWeues were identified by a number of customers loading to warranty and rectification claims Waricus Management changes were made at board level and initatiwea implemented to address these However In Alay 2015 the Group identified a funding requirement expected tater in 2015 Management was unable to secure adaitiona! dabt funding to accdress this and the Group 3 majority sharenoider was unwilling to invest further funding into on nsolvant Group structure

Tne Group was highly leveraged, and the Company was insolvent on a balance sheet basis (the value of its iainiiities: exceeded the valve of its assets)

In June 2015 management instructed Detowtte LLP (Deloitte) to undertake a process te identify an wvestor or purchaser for the business (the M&A process")

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08746949/filing-history/MzEzMDc5NjU1N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08746949

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