Astac Limited (04237613): administration
- Status
- Administration ended
- Administration began
- 2011-04-20
- Incorporated
- 2001-06-20
- Location
- Chatham Maritime
- Industry
- 7487
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
From the administrators' statement
For the avoidance of doubt, this synopsis of the Company's history has been provided by Murray Cole, Chairman of the Company At this stage, the Joint Administrators are unable to substantiate its contents and accept no responsibility for the ultimate accuracy of the information included within Section 2 of the Proposals
The Company was set up in 2001 to acquire the business from Serco at Bailbrook College The business was headed by Robert Pegg as Managing Director with Paul Hinchcliffe as Finance Director Operations were moved to Rudloe College, Rudloe Manor, Corsham, Wiltshire, SN13 OGT
In 2004, Paul Hinchcliffe acquired control of the Company by acquiring 50 99% of the share capital and in January 2006 the business was relocated to Gloucester Airport The following year overseas training was introduced at the Company’s newly acquired premises at Shoreham Airport, and at this stage UK training programmes were carried out at Gloucester
Administrators' statement of proposals (2011-06-16) · Companies House register