# Corpsol 101 Limited (04599759)

> Why UK company 04599759 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04599759

- **Status:** Administration ended
- **Administration began:** 2020-03-13
- **Administrators:** Martin Paul Halligan
- **Administrators' firm:** Live Recoveries
- **Formerly:** Taison Lighting Limited; Taison Limited; Corpsol 101 Limited
- **Incorporated:** 2002-11-25
- **Location:** Horsforth
- **Industry:** 27400 Manufacture of electric lighting equipment

## Why it went into administration

- Competition / price pressure
- Cash flow / liquidity pressure
- Bad debts / customer insolvency

## From the administrators' statement

Creditors should note that, unless otherwise stated, this section of my Proposals has been prepared based on information provided to me by the director of the Company and not from my personal knowledge as Administrator.

Prior to the commencement of the Administration, Live Recoveries acted as advisors to the Board as a whole acting on behalf of the Company. No advice was given to the individual directors regarding the impact of the insolvency of the Company on their personal financial affairs. Whilst not formally in office at that time, Live Recoveries was still required to act in its dealing with the Company in accordance with the Insolvency Code of Ethics. A copy of the Code of Ethics can be found on Live Recoveries website www.liverecoveries.com.

As required by the Insolvency Code of Ethics, 1 considered the various threats to my objectivity arising from my prior involvement as advisor, for a short period prior to my appointment as Administrator. | concluded that those threats were at an acceptable level such that I could still act objectively and hence could be appointed Administrator of the Company.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04599759/filing-history/MzI2NTEwMzExNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04599759

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