Keyline Chartered Security Ltd (03754578): administration
- Status
- Administration ended
- Administration began
- 2018-04-10
- Administrators' firm
- Williams & Partners
- Formerly
- Security Guarding Limited; Keyline Guarding Limited
- Incorporated
- 1999-04-20
- Location
- London
- Industry
- 80100 Private security activities
Why it went into administration
- Property / lease costs
- HMRC / tax arrears
- Sustained trading losses
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
From the administrators' statement
The business was established and commenced trading in 1973. The Company was subsequently incorporated on 20 April 1999. Its principal trading activity was that of private security activities. It traded from leasehold premises at Cleeve Grange, Trowbridge Road, Seend, Wiltshire, SN12 6PG. The business was a fresh start and not as a result of an acquisition from an insolvency process.
The lease to the Company’s trading premises is for a term of three years commencing on 25 June 2015 with an annual rent of £48,000, payable monthly. The rent has been paid up to the end of March 2018. 2.3
2.4
Administrators' statement of proposals (2018-05-09) · Companies House register