React Technologies Limited (04703238): administration
- Status
- Administration ended
- Administration began
- 2012-03-16
- Administrators
- John Malcolm Titley, Mark John Colman
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2003-03-19
- Location
- Preston
- Industry
- 7210
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 19 March 2003 and began trading from tts inception from leasehold premises situated at Island House, 43 High Street, Fordingsbndge, Hampshire SP6 1AS.
The nature of the business was that of a computing technology company providing a number of services to an eclectic chent base The Company would provide an initial consultation to its customers with regard to their current IT system with a view to the installation, testing and commissioning of a bespoke computing service individualised to the needs of a single business with the intention of adapting that particular business to meet the demands of modern enterprise Typically, the Company would supply wireless mobility, business intelligence consultancy and intricate data networks.
The Company was funded by way of funds supplied by both The Royal Bank of Scotland PLC (“RBS”) and Aldermore Invoice Finance Limited (“Aldermore”) Both RBS and Aldermore hold security by way of a debenture, granted by the Company, incorporating fixed and floating charges over the Company's assets
Administrators' statement of proposals (2012-05-16) · Companies House register