Blue Co London LLP (OC361858): administration
- Status
- Administration ended
- Administration began
- 2018-12-31
- Administrators' firm
- Quantuma
- Formerly
- Ince & Co LLP
- Incorporated
- 2011-02-15
- Location
- Brighton
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
- Rising costs / inflation
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
- Sustained trading losses
From the administrators' statement
3.1
. As has previously been reported to creditors in the Administrators’ Statement of
Insolvency Practice 16 (“SIP 16”) a copy of which is attached at Appendix B, the Firm and Gordon Dadds LLP (‘Gordon Dadds’) had been in merger talks since June 2018. As part of Gordon Dadds’ due-diligence it had been provided with the Firm’s audited Financial Statements for the year ended 30 April 2017 and these accounts formed the basis of the proposals made by Gordon Dadds.
Administrators' statement of proposals (2019-03-11) · Companies House register