VE Global UK Limited (10706696): administration and why it failed

VE Global UK Limited (10706696): administration

Status: Administration ended
Administration began: 2022-05-11
Administrators: Charles Hamilton Turner, Trevor John Binyon
Administrators' firm: Opus Restructuring
Formerly: Rowchester Limited
Incorporated: 2017-04-04
Location: Milton Keynes
Industry: 62012 Business and domestic software development

Why it went into administration

HMRC / tax arrears
Cash flow / liquidity pressure
Over-expansion / investment not recovered

From the administrators' statement

3.1

3.2

3.3

Administrators' statement of proposals (2022-07-20) · Companies House register

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VE Global UK Limited (10706696): administration

Why it went into administration

From the administrators' statement

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VE Global UK Limited (10706696)