Mesh Computers Limited (02157782): administration
- Status
- Administration ended
- Administration began
- 2011-05-31
- Administrators' firm
- MHA
- Formerly
- Mesh Computers PLC; Mesh Computers and Electronics Limited
- Incorporated
- 1987-08-26
- Location
- London
- Industry
- 3002
From the administrators' statement
The Company incorporated on 26" August 1987 and successfully traded as a manufacturer and supplier of personal and corporate computer equipment and solutions for over 20 years
The Company was experiencing financial difficulties in recent months which the director has informed the Joint Administrators has been significantly caused by the current financial conditions and consumers being more cautious about purchasers. tn addition, the launch of products such as the IPad and similar technology has created more compact, mobile computing solutions and has reduced the demand for standard computers
For a number of years, the sole director Mr M Sherafati, has contributed capital investment to the Company and has also loaned money to the Company to support ongoing trading The director held a debenture In over the Company's assets and was owed at the date of my appointment, in excess of £1 7m in respect of the outstanding director's toan account due to him by the Company This debenture was created on 5" January 2010 and registered at Companies House on 12" January 2010 This created a fixed and floating charge in respect of all monies due or that become due from the Company or from Mesh Acquisitions Limited (the dormant parent company) to the chargee M Sherafati, under the terms of the debenture
Administrators' statement of proposals (2011-09-15) · Companies House register