August Computer Consultants Limited (03598380): administration
- Status
- Administration ended
- Administration began
- 2012-07-02
- Incorporated
- 1998-07-15
- Location
- Cheltenham
- Industry
- 7222
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
Since the Company began trading in 1998, It operated a profitable business as a result of the Addenbrooke's contract Turnover was approximately £1 2 — 1 Smillion per year
Since inception, the Director(s) have always made a conscious decision not to operate on an overdraft facility with Barclays and to keep borrowing to a minimum The Company was initially started with a ioan of £55,000 from Trevor Gogin, however, given the earler success of the business it was not necessary for the Company to take out any further borrowings and there has been no need for the Company to provide any security to its bankers or any other lender
The Company's accounts filed at Companies House for the years up to the year ended 31 March 2010 confirm that the Company remained profitable over that period The Company's failed venture with Q-Tech led to losses of £186,000 and resulted in ongoing court proceedings which have harmed the Company's financial position
Administrators' statement of proposals (2012-09-06) · Companies House register