# Radio Tactics Limited (04416139)

> Why UK company 04416139 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04416139

- **Status:** Administration ended
- **Administration began:** 2015-10-05
- **Administrators:** Michael Robert Fortune, Carl Derek Faulds
- **Administrators' firm:** Proudley Associates
- **Incorporated:** 2002-04-15
- **Location:** Fareham
- **Industry:** 62090 Other information technology service activities

## Why it went into administration

- Creditor pressure / legal action
- Competition / price pressure
- Cash flow / liquidity pressure

## From the administrators' statement

The company was incorporated as a private limited company on 15 April 2002 Since September 2012 the company has traded from leasehold premises at Compass House, Romsey Road, Southampton and at the date of administration employed 25 members of staff The company also had a presence in Australia and America, through two fully owned subsidiaries

The company designed and manufactured high-tech digital intelligence, mobile data device forensics and evidence gathering equipment used globally by military, law enforcement, governments and intelligence agencies More details can be found at the website www radio-tactics com

Funding has been provided by an invoice discounting agreement with RBS Invoice Finance Limited (RBSIF), which has a specific charge over the debts of the company and a fixed and floating charge over the general assets of the company, granted on 9" July 2007 This is further supported by a personal guarantee of the director Andrew Gill An overdraft facility and credit card were provided by National Westminster Bank Ple (NatWest) which has a debenture conferring fixed and floating charges over the assets of the company granted on 22" June 2007 At the date of administration it was owed £83k A further loan of £60k was granted by Eastleigh Borough Council, which is supported by a fixed and floating charge debenture granted on 24" April 2015

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04416139/filing-history/MzEzNjE2NjUwNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04416139

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