# Echo Holdings Limited (04163358)

> Why UK company 04163358 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04163358

- **Status:** Administration ended
- **Administration began:** 2012-03-21
- **Administrators:** David Michael Riley, David John Dunckley
- **Administrators' firm:** Grant Thornton
- **Formerly:** European Courier & Hi-Tech Organisation Holdings Limited; Oval (1637) Limited
- **Incorporated:** 2001-02-20
- **Location:** Manchester
- **Industry:** 64209 Activities of other holding companies n.e.c.

## Why it went into administration

- Rising costs / inflation
- Loss of a key customer, supplier or contract
- Parent or group failure
- Competition / price pressure

## From the administrators' statement

The Company is a 100% shareholder of ECHO ECHO 1s a leading provider in bespoke specialist techmical services and logistical solutions to a range of blue chip technology companies

The Royal Bank of Scotland plc (RBS) has a mortgage charge over ECHO dated 2 March 1995 and provided an overdraft facility and term loan of up to c £2m, which was crossguaranteed over the Group

In June 2001, the Group was subject to a Management Buy-Out that was funded by private equity firm ECI Ventures LLP (ECI) ECI had subsequently provided a guarantee to RBS for any amounts utilised by ECHO over £1 5m_ As a result, ECHO became hable for charges payable to ECI as the provider of the guarantee (which were calculated on a sliding scale) As at November 2011, these charges were understood to be c {2m

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04163358/filing-history/MzA1NzIwMzE5MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04163358

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