Avara Avlon Pharma Services Ltd (10257441): administration
- Status
- Administration ended
- Administration began
- 2019-02-13
- Incorporated
- 2016-06-29
- Location
- London
- Industry
- 21200 Manufacture of pharmaceutical preparations
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
Although the balance sheet shows Avlon to be solvent, it should be noted that the majority of its assets are locked in its manufacturing plant, the land and properties. Avlon does not generate sufficient business to provide cashflow to cover its substantial fixed and variable overheads.
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Administrators' statement of proposals (2019-04-23) · Companies House register