Netshield Limited (03257658): administration
- Status
- Administration ended
- Administration began
- 2013-04-12
- Incorporated
- 1996-10-02
- Location
- Birmingham
- Industry
- 63110 Data processing, hosting and related activities
From the administrators' statement
We were first introduced to the Company by Sterling Financial, the Company's recently appointed accountants and advisors The introduction arose as the directors had become concerned about the Company's viability and Sterling Financial invited us to attend a meeting with the directors on 29 February 2013 to provide restructunng and insolvency advice
The Company commenced trading in 1995 and provided managed IT services to a range of public and private businesses as well as the delivery of remote and on-site IT support The Company also provided hosting services, networking and data backup, protection and recovery services The Company's head office was based in Aldndge and it employed 17 members of staff
The Company had grown significantly for a number of years Anticipating further growth, the directors injected significant loans to provide working capital and invest in extra capacity — both physical and staff The turnover did not matenalise quickly enough, and the extra costs can now be seen to have contnbuted to losses
Administrators' statement of proposals (2013-06-10) · Companies House register