Airsupply Solutions Limited (09968659): administration and why it failed

Airsupply Solutions Limited (09968659): administration

Status: Administration ended
Administration began: 2024-02-28
Administrators: Michael Robert Fortune, Stewart Goldsmith
Administrators' firm: Leonard Curtis
Incorporated: 2016-01-25
Location: Fareham
Industry: 85600 Educational support services

Why it went into administration

HMRC / tax arrears
COVID-19
Funding withdrawn / unable to refinance
Cash flow / liquidity pressure
Sustained trading losses
Competition / price pressure

From the administrators' statement

2.2

2.3

2.4

Administrators' statement of proposals (2024-03-07) · Companies House register

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Airsupply Solutions Limited (09968659): administration

Why it went into administration

From the administrators' statement

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Airsupply Solutions Limited (09968659)