# NG Systems Limited (03475707)

> Why UK company 03475707 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03475707

- **Status:** Administration ended
- **Administration began:** 2016-11-22
- **Administrators:** Craig Johns, Jason Mark Elliott
- **Administrators' firm:** Cowgill Holloway Business Recovery
- **Formerly:** Mitrestone Limited
- **Incorporated:** 1997-12-03
- **Location:** Bolton
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 3 December 1997 as Mitrestone Ltd before changing its name to NG Systems Limited on 26 January 1998,

The Directors of the Company are Garsing Ning (“GN”) and Benjamin Ning (“BN”).

The Company is a manufacturer of stock monitoring equipment It is a bespoke product that monitors stock movement, inventory and theft and ts suitable for retailers

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03475707/filing-history/MzE2NDI5MTQ4OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03475707

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.