Double Check Security Ltd (04543038): administration
- Status
- Administration ended
- Administration began
- 2013-09-10
- Incorporated
- 2002-09-24
- Location
- London
- Industry
- 80200 Security systems service activities
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 24 September 2002 and has, throughout its history, provided static guarding services to various blue chip clients
Due to the nature of the Company’s business, whilst minor external suppliers were always used, predominantly the majority of expenditure related to labour costs, together with VAT & PAYENIC which fell due to HM Revenue & Customs (“HMRC”)
During the Company’s imitial few years of trading, turnover grew steadily as new contracts were sought, tendered and ultimately awarded. Accordingly, shortly prior to it’s Administration, the Company employed circa 100 staff and had achieved a turnover of circa £1 6M, of which, £1 3M related to the provision of static guards to its biggest customer, Waitrose, whilst the remainder of this turnover related to contracts held with 5 other customers
Administrators' statement of proposals (2013-11-01) · Companies House register