Sourcing City News have received further information regarding Venture Innovation and T/A Venture, Autoventure and Balanzza in Adminisitration which was first reported in November 2011.

The Joint Administrartors intend to hold a creditors meeting on 31st January 2012.

For further information please contact the administrators: Chantrey Vellacott DFK, Russell Square House, Russell Squarem London, WC1B 5LF. Telephone: 020 7509 9000.