ALL In Black Ltd (10426119): administration
- Status
- Administration ended
- Administration began
- 2023-06-09
- Administrators
- Clive Morris
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2016-10-13
- Location
- Preston
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- COVID-19
- Weak consumer demand
- Property / lease costs
- Sustained trading losses
From the administrators' statement
3.1 As detailed above, the Company began facing problems as a result of the national lockdown put in place by the Government in March 2020. The Government implemented restrictions resulting in the Company’s scheduled work being postponed, with some of the Company's clients never returning as they also experienced long-term setbacks. This placed strain on the Company’s cash flow position as turnover reduced while the cost of sales and administrative expenses remained high.
3.2 In addition to this, the Company experienced issues when recruiting staff. This resulted in the Company having to use agencies at high rates to complete contracted work.
3.3 To compound problems, in 2022 the Company struggled due to the considerable expenses required in managing existing contacts, whilst credit control also became a major issue for the Company as many of its clients delayed payment due to the cost of living crisis.
Administrators' statement of proposals (2023-07-22) · Companies House register