Fathom Technologies Limited (02107653): administration
- Status
- Administration ended
- Administration began
- 2011-07-29
- Administrators
- Peter James Hughes-Holland, Simon James Bonney
- Administrators' firm
- RSM
- Formerly
- Robert Metcalfe and Associates Limited; Massdetour Limited
- Incorporated
- 1987-03-09
- Location
- Marlow
- Industry
- 7222
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
The Company provided IT debt collection software together with associated support services It traded from leasehold premises in Reading, Berkshire.
Historically, the Company had experienced financial difficulties which stemmed from an inspection by HMRC approximately 2 years ago. The inspection found that the Company had been treating its accounting for PAYE/NIC incorrectly and as a result owed HMRC approximately £200,000 to HMRC in arrears The Company had agreed a Time to Pay arrangement with HMRC which it had fallen behind on HMRC were pursuing the Company for the unpatd element which led the directors to take financial advice on the position of the Company
The Joint Administrators’ initial introduction came via the Company's bankers, Lloyds Banking Group which has the benefit of a fixed and floating charge and is owed approximately £600,000 The directors of the Company formally instructed RSM Tenon to assist with placing itinto administration on 29 July 2011.
Administrators' statement of proposals (2011-09-19) · Companies House register