Allan Snow Ltd (11450141): administration
- Status
- Administration ended
- Administration began
- 2023-10-16
- Administrators
- Ian Lawrence Goodhew
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2018-07-05
- Location
- London
- Industry
- 69201 Accounting and auditing activities
Why it went into administration
- Bad debts / customer insolvency
- Management failings / irregularities
From the administrators' statement
In 2020, the Company started experiencing financial difficulties and was no longer able to generate a profit. This was in part due to overspending on staff, including frequent changing, as well as high salary expenses. The Company also faced a hindrance when it had to settle a court case with an employee, resulting in a significant payout. To address the Company's financial challenges and manage cash flow effectively, the Directors believed tt would be beneficial to separate each of their
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Administrators' statement of proposals (2023-12-28) · Companies House register