4D AD Services Limited (10109269): administration
- Status
- Administration ended
- Administration began
- 2018-10-12
- Administrators' firm
- Business Partnerships
- Formerly
- Brayford Formations 160 Limited
- Incorporated
- 2016-04-07
- Location
- Cleckheaton
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
As a consequence of the directors of the Company being unable to agree a purchase of the 80% shareholding held by Agraferm from its Liquidators and the subsequent withdrawal of financial support by the remaining shareholder, ABPL, the directors
sought advice from the Company’s accountants.
Upon reviewing the Company’s short-term cash-flow forecasts and funding requirements, the directors were concerned as to the ability to continue trading the Company. Additionally, the Company’s largest Company had indicated an unwillingness to extend or enter into new contracts whilst the majority shareholder was subject to
Administrators' statement of proposals (2018-11-14) · Companies House register