Aventar Trading Limited (10529673): administration
- Status
- Administration ended
- Administration began
- 2019-02-22
- Administrators
- Paul David Masters, Conrad Alan Beighton
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2016-12-16
- Location
- Birmingham
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated in December 2016, providing decorating and maintenance works to residential and commercial properties.
In March 2017, the Company purchased the business and assets of a connected company, EFTI Limited, from its Joint Administrators and, from this date, the Company traded under the name of EFTI.
The Company initially traded well, however, it was unable to secure funding by way of an alternative invoice discounting agreement, following a decision to cease working with Bibby. This cash flow pressure !ed to the Company falling behind with its payments to HM Revenue and Customs (‘HMRC’).
Administrators' statement of proposals (2019-04-12) · Companies House register