Noble Events Limited (16246846): administration
- Status
- Administration ended
- Administration began
- 2026-01-07
- Administrators
- Paul Ellison, Christopher Errington
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- VES2 Ltd
- Incorporated
- 2025-02-12
- Location
- Reading
- Industry
- 68202 Letting and operating of conference and exhibition centres
Why it went into administration
- Rising costs / inflation
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The business was originally incorporated on 12 August 2008 and was established to provide event planning and delivery services to a range of clients including high net worth individuals and large corporations, with a particular focus on the automotive industry. These ranged from conferences to product launches and exclusive media and PR events.
A combination of events resulted in the downturn or deferment of events as a result of a downward trend in marketing budgets of events and increased costs of running agreed events. FRP were instructed to market the business and assets for sale with a view to securing a sale immediately following the founder company being placed into Administration.
After protracted negotiations Vespace International Limited (“Vespace") concluded an acquisition of the business for £90,000. During this process KRE Corporate Recovery provided advice to the purchaser on the mechanics of a purchase via Administration. The acquisition was concluded on the appointment of FRP as Administrators on 14 February 2025 via a subsidiary company VES2 Limited, which subsequently changed its name to Noble Events Limited. A sperate Dubai company was formed to take over the Dubai element of the business and this therefore is not owned by Noble Events Limited and does not constitute an asset in the Administration
Administrators' statement of proposals (2026-03-02) · Companies House register