# Tenetconnect Limited (02654877)

> Why UK company 02654877 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02654877

- **Status:** Administration ended
- **Administration began:** 2024-06-05
- **Administrators' firm:** Interpath Advisory
- **Formerly:** Interdependence Limited
- **Incorporated:** 1991-10-17
- **Location:** London
- **Industry:** 64999 Financial intermediation not elsewhere classified

## Why it went into administration

- Regulatory change or action
- Parent or group failure

## From the administrators' statement

TCL was incorporated on 17 October 1991 and until recently its registered office was a leasehold premises in Horsforth, West Yorkshire.

As noted in Section 2, TCL was an active trading company that was directly authorised and regulated by the FCA. TCL is owned by TL, which in turn is owned by TGL. TGL is the ultimate parent of the Group and acted as a service company. It contracted for the majority of the services required by the different entities in the Group, including TCL, to carry on their trade (including entering into leases with landlords and contracts with software providers).

TGL also employed all of the staff that worked in the different subsidiary businesses. As at the date of appointment, TGL employed 128 staff and 19 subcontractors (a total of 147 individuals). TCL itself had no employees but was reliant on TGL's services and employees in order to trade.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02654877/filing-history/MzQzMTY0NzYyN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02654877

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.