# F10 Engineering Limited (04683143)

> Why UK company 04683143 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04683143

- **Status:** Administration ended
- **Administration began:** 2012-06-27
- **Administrators' firm:** RSM
- **Incorporated:** 2003-03-02
- **Location:** London
- **Industry:** 78109 Other activities of employment placement agencies

## Why it went into administration

- Property / lease costs
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure

## From the administrators' statement

F10 Engineering Limited (“F10" or “the Company”) was incorporated on 2 March 2003 with the Company number 04683143 and commenced trading immediately

The directors of the Company, Mark Flawn and Mark Stephens had previously worked for many years in the recruitment industry and had a wealth of experience between them They were confident that they could forge business relations with a number of significant organisations operating within the defence and communication sectors

The Company was initially funded through directors loans in the region of £40,000, which have been subsequently repaid in the preceding years The Company operated a current account with Lloyds TSB with an overdraft facility of £10,000, which was supported by personal guarantees given by the directors

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04683143/filing-history/MzA2MjgyNTkwNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04683143

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