# TLE Limited (03568511)

> Why UK company 03568511 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03568511

- **Status:** Administration ended
- **Administration began:** 2013-05-31
- **Administrators' firm:** KRE Corporate Recovery
- **Incorporated:** 1998-05-21
- **Location:** Reading
- **Industry:** 85590 Other education n.e.c.

## Why it went into administration

- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Competition / price pressure

## From the administrators' statement

The following has been provided by the sole director of the company, and has not been ventied or audited by either the Joint Administrators or KRE Corporate Recovery LLP Certain element of the background are subject to confidentiality agreements Whilst the Administrators are aware of the parties involved, in the background they are described as Prime A, Pnme B, Target A, Target B, College A, Private Equity A, and Private Equity B

TLE started working as a subcontractor to Pnme A in 2003 It grew with them over the following 9 years, becoming the largest subcontractor in their network for a number of years

In March 2011 TLE were approached by Pnvate Equity House A to explore it making an investment in TLE in exchange for a partial shareholder exit With the support of PwC Corporate Finance who ran a Iimited process this advanced to Heads of Terms

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03568511/filing-history/MzA4MDk5NzI5MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03568511

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