What happened
DAVENBUSH LIMITED (company number 02341207), incorporated in 1989, entered administration on 25 April 2016. Its status at Companies House is now: liquidation.
Why it failed
Property subsidiary of the BHS retail group, which failed after years of losses, withdrawn supplier credit cover and poor Christmas 2015 sales; no rescue funding or sale was found.
- Main reason: Group company failed
- Market downturn
- Cash flow
- Sale or investment failed
Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.
An administrator, a licensed insolvency practitioner, takes control of the company to try to rescue it, sell the business or get a better result for creditors than a liquidation.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
30 August 2014
Last accounts filed were made up to this date
20 months later
25 April 2016
Administration started
21 months later
15 January 2018
Administration ended
15 January 2018
Creditors' voluntary liquidation started (shareholders resolved to wind up)
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 25 April 2016
- £15.5m
- of which trade creditors £354k. Expected return to unsecured creditors: likely, amount not yet known
- Administrators' proposals (mostly landlords' claims)
The last accounts filed were full accounts made up to 30 August 2014, 20 months before it went into administration.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
We're writing plain-English reports on major construction failures: who was involved, why it happened, the warning signs and how long they were visible, and what to look out for next time.
Sign up to be told when reports are outIn the news
We haven't matched any press coverage to this company yet. Search the news for Davenbush.