# Gen-X IT Ltd (04480097)

> Why UK company 04480097 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04480097

- **Status:** Administration ended
- **Administration began:** 2016-01-20
- **Administrators:** Andrew Poxon, Julien Robert Irving
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 2002-07-08
- **Location:** Manchester
- **Industry:** 62020 Information technology consultancy activities

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 8 July 2002 and began trading shorlly thereafter The directors on our appointment were Kelley Stewart and Alan Gould The shareholders of the Company are Kelley Stewart, Alan Gould, Joe Calderwood, Colette Fletcher and James Lydon

The Company traded from leasehold premises at Sol House, 24 Dark Lane, Ardwick Green, Manchester The pnncipal trading activity of the Company was the sale of computer hardware The Company employed 26 staff

The Company was funded by way of an invoice finance facility with RBSIF, who hold secunty by way of a debenture incorporating a fixed and floating charge over the Company assets, created on 22 December 2004 The Bank also holds security by way of a debenture incorporating a fixed and floating charge over the Company's assets, created on 26 August 2005

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04480097/filing-history/MzE0NDY3NzM1NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04480097

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