# Zisman Bowyer and Partners LLP (OC310053)

> Why UK company OC310053 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/OC310053

- **Status:** Administration ended
- **Administration began:** 2013-01-28
- **Administrators' firm:** RSM
- **Incorporated:** 2004-11-17
- **Location:** Enderby

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

Founded in 1958, the Partnership was well established in providing engineering consultancy to both the private and public sector The Partnership became an LLP in 2004

The Partnership's key successes resulted from consultancy fees on large publicly funded projects such as hospitals, universities and research facilities

During 2012 the Partnership engaged Clearwater Corporate Finance LLP (“Clearwater’) to assist the Partners in finding a purchaser for the Partnership, unfortunately this was unsuccessful During this period, the Partnership also lost some key tenders, not only did this reduce future likely income by £6,000,000 but It also resulted in a write off of the time and resource spent on the tenders As a result of these losses, the Partnership began to experience cashflow difficulties Once this was identified the Partners sought advice to ensure that appropriate action was taken

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/OC310053/filing-history/MzA3NTU0NDA2OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/OC310053

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