# Pentargon Limited (03804219)

> Why UK company 03804219 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03804219

- **Status:** Administration ended
- **Administration began:** 2012-02-10
- **Administrators:** Thomas Andrew Jack, Samuel James Woodward
- **Administrators' firm:** EY
- **Formerly:** Cogdusk Limited
- **Incorporated:** 1999-07-09
- **Location:** Banbury
- **Industry:** 7020

## Why it went into administration

- Funding withdrawn / unable to refinance
- Property / lease costs
- Sustained trading losses

## From the administrators' statement

The Group, summarised below, was formed in 2008 through the acquisition of the SEL, P&S, Muitimesh and Pentargon businesses by SGL, a Northern Irish registered business, set up as a holding company to acquire the UK businesses The acquisition was funded through a combination of upfront consideration, provided by a term toan with the Bank (secured on the properties held by Pentargon and fixed and floating charges over the Group companies and a personal guarantee provided by Barry Aughey, a Group director) together with £1 2m of deferred consideration payable by SGL to the vendor. Working capital facilities were provided to the Group by UBIF

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Soar Engineering Limited (Non trading holding company)

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03804219/filing-history/MzA1NTg2OTAxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03804219

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