Ceased Trading 03002134 Limited (03002134): administration
- Status
- In administration
- Administration began
- 2025-06-23
- Administrators
- Anthony John Wright, Alastair Massey
- Administrators' firm
- FRP Advisory
- Formerly
- Ec-Ex Limited
- Incorporated
- 1994-12-15
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
As previously mentioned, the Company was facing significant cash flow difficulties, with costs continuing to increase.
On 20 May 2025, Cynergy introduced the management team to Anthony Wright of FRP. Following the initial meeting, the directors instructed FRP to assist with monitoring the Company’s cash flow. During this pre-appointment period, daily meetings were held with the sole director and management staff to assess the Company’s cash flow position and approve payments considered critical to the business. Regular meetings were also held with Cynergy, which continued to provide funding throughout this period.
At the same time, FRP was engaged to conduct an accelerated marketing and sale (“AMA”) process. On 29 May 2025, a teaser document was prepared and circulated to interested parties via FRP’s external data room platform and IP-Bid. A total of 304 interested parties were invited to review the opportunity, of which 20 executed a NonDisclosure Agreement (“NDA”) and were granted access to the data room to view further information.
Administrators' statement of proposals (2025-08-20) · Companies House register