# Hearing Solutions Ltd (10492733)

> Why UK company 10492733 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10492733

- **Status:** Administration ended
- **Administration began:** 2020-07-06
- **Incorporated:** 2016-11-23
- **Location:** London
- **Industry:** 47741 Retail sale of hearing aids

## Why it went into administration

- Creditor pressure / legal action
- Loss-making contracts / project overruns

## From the administrators' statement

On 22 June 2020, an initial meeting took place with the Director and Samuel Talby of PCR (Bristol) LLP to determine the status of the Company and its solvency. Having reviewed the financial position, it was clear that the Company was under extreme creditor pressure and steps should be taken to protect the business.

Following the meeting PCR (Bristol) LLP were subsequently instructed by the Director to assist with placing the Company into Administration.

We undertook an information gathering exercise and instructed Independent Valuation Agents, Peter Davies & Sons Limited (“PDS”) to undertake a review of the position of all debtors, retentions, and applications to determine the likelihood of recoveries.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10492733/filing-history/MzI3NTUwNjIzM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10492733

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.