Innoveas International Limited (09093406): administration and why it failed

Innoveas International Limited (09093406): administration

Status: Administration ended
Administration began: 2018-08-30
Administrators: Guy Edward Brooke Mander, Diana Frangou
Administrators' firm: RSM
Incorporated: 2014-06-19
Location: Bristol
Industry: 74909 Other professional, scientific and technical activities n.e.c.

Why it went into administration

Creditor pressure / legal action
Funding withdrawn / unable to refinance
Cash flow / liquidity pressure

From the administrators' statement

Relevant extracts from the Company’s audited financial statements and management accounts are summarised below.

Profit & Loss

Other operating income

Administrators' statement of proposals (2018-11-09) · Companies House register

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Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
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Innoveas International Limited (09093406): administration

Why it went into administration

From the administrators' statement

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Innoveas International Limited (09093406)