1ST Milestone Limited (02919488): administration
- Status
- Administration ended
- Administration began
- 2016-08-01
- Administrators
- Paul Ellison, Gareth Wyn Roberts
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 1994-04-15
- Location
- Reading
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The following narrative has been produced from statements provided by the company’s director(s) Creditors should note therefore that neither the Joint Administrators nor KRE Corporate Recovery LLP accept any responsibility for any inaccuracies contained herein
The Company was set up in spring 1994, as a computer systems supplier to market project planning software and systems based on the Primavera software Initial funding was £35,000 with one initial fulltime employee, the founder, Richard Packham based in Ealing, London, who had extensive previous experience In computer systems sales and marketing
The Company was profitable the first year and onwards, in year 2 taking on premises in Perivale, London, and technical implementation, training and sales staff as the business grew Trading was around the UK, particularly into civil engineering and oil industry contractors By 2000, the Company had approximately eight staff
Administrators' statement of proposals (2016-08-30) · Companies House register