Manage Security Services Ltd. (04326457): administration
- Status
- Administration ended
- Administration began
- 2017-01-04
- Administrators
- Peter Kubik
- Administrators' firm
- Insolvency Practitioners of Uhy Hacker Young
- Incorporated
- 2001-11-21
- Location
- London
- Industry
- 80200 Security systems service activities
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Rising costs / inflation
- Funding withdrawn / unable to refinance
From the administrators' statement
Manage Security Services Limited (‘hereinafter referred to as “the Company”) was incorporated on 21* November 2001, by Michael Hall as a shelf company, which was activated in March 2002. The Company traded as TSS Security UK.
The Company started trading in the combined interests of Cornhill Nominees Limited, Compass Securities Limited and Finecourt Investment Limited being offshore entities representing the interests of Terry Neil/Soraya Henderson (Cornhill) Malcolm Barter (Compass) and Michael and Anthony Hall (Finecourt). Finecourt also had a sleeping partner Nasib Aggarwal who provided the initial working capital loan of £150,000. The objective of the Company was the provision of security services to London based clubs and bars.
The Company was initially based in Hammersmith in a small office, but after a few years moved to its current rented offices in Acton (Unit 1, 6 Portal Way, Acton, London, W3 6RU).
Administrators' statement of proposals (2017-03-10) · Companies House register