From the administrators' statement

Taurus (Security) Limited was incorporated in 1997 and offered security services for residential clients and commercial clients

Prior to our appointment, the Company was in negotiations with an unconnected company to sell its business as a going concern and for the transfer of the employees to the purchaser, for £150,000 The completion date for this was set at 1*' November 2011 On completion of thts sale of the business, £60,000 was to become immediately due from the purchaser followed by £5,000 each month for 18 months (commencing at the end of January 2012 )

According to the Directors’ the reasons for the company’s adverse financial position were as follows

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Taurus (Security) Limited (03417116)

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