Formscan Limited (03587758): administration
- Status
- Administration ended
- Administration began
- 2017-01-26
- Administrators
- Paul Ellison, Gareth Wyn Roberts
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- Douglas Banks Estates Limited; Buildchoice Limited
- Incorporated
- 1998-06-25
- Location
- Reading
- Industry
- 63990 Other information service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated 25 June 1998 and changed its name to Formscan Limited on 28 August 2007
The day to day operations of the Company are handled by the director Chris Haden, who also owns a 20% sharehalding and the remaining shares are held by Raymond Cork (‘RC’)
The Company's principle trading activity was that of electronic document storage, a service provided to its chents under a ficencing agreement with SAAS Document Solutions Limited (‘SAAS’), a company owned and managed by RC and CH
Administrators' statement of proposals (2017-02-14) · Companies House register