T @ Lecom Limited (04450430): administration
- Status
- Administration ended
- Administration began
- 2017-10-11
- Administrators
- Mark Elijah Thomas Bowen
- Administrators' firm
- PwC
- Incorporated
- 2002-05-29
- Location
- Droitwich
- Industry
- 61900 Other telecommunications activities
From the administrators' statement
My firm was first engaged by the company to provide general commercial advice on 1 August 2016. A single meeting took place on that day however, no further work was done at that point. On 3 October 2017 Justin Brown, a Director of MB Insolvency met with the Directors to provide further restructuring advice. At this meeting the issues regarding the company’s software were discussed and the Directors advised that the Company could no longer continue to trade.
At a further meeting on 4 October 2017 the Directors advised that wished to engage MB Insolvency to assist with placing the Company into Administration. The timing of the Administration was to be subject to further discussions which the Directors were due to have with British Telecom (‘BT’) the following week.
As a result of those advanced conversations with BT, on 8 October 2017 | attended a conference call with BT in order to discuss the present situation and to advise them of the company’s intention to cease to trade with immediate effect. At that meeting BT made it clear that they had no desire to fund a period of trading in Administration and that all safeguards which they required to be put into place to protect their customers ongoing services could be done remotely and without the support of the Administrator.
Administrators' statement of proposals (2017-12-13) · Companies House register