# Sova Capital Limited (04621383)

> Why UK company 04621383 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04621383

- **Status:** In administration
- **Administration began:** 2022-03-03
- **Administrators:** David Philip Soden, Ian Colin Wormleighton, Stephen Roland Browne
- **Administrators' firm:** Teneo
- **Formerly:** Otkritie Capital International Limited; Otkritie Securities Limited; ABC Clearing Limited
- **Incorporated:** 2002-12-19
- **Location:** Birmingham
- **Industry:** 64999 Financial intermediation not elsewhere classified

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

Although the Company operates across the globe, its primary trading corridor is providing international investors access to the Russian market.

As a result of the war in Ukraine and the sanctions imposed certain on Russia and Russian assets, the Company experienced a severe and immediate liquidity crisis caused by, among other issues:

• A substantial reduction in funding from market counterparties.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04621383/filing-history/MzMzNzUzNTk5MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04621383

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