Matrix Group Limited (03309770): administration
- Status
- Administration ended
- Administration began
- 2012-11-06
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1997-01-30
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company ts part of a large group structure (“the Group’), of 50+ entities, which incorporates, amongst others, Asset Management, Corporate Finance, Share Trading, Fund Management and Structured Finance business teams The Company acted as an intermediate holding company within the Group structure and as guarantor to the lease over the leasehold property at 1 Vine Street, London, W1J OAH (‘the Trading Premises”) The leases over the Trading Premises (“the Lease”) were entered into by Matnx-Secunties Limited (“MSL”)
MSL acted as the operational hub of the Group, facilitating trading by
• Employing employees
Administrators' statement of proposals (2013-01-07) · Companies House register