# H20 Networks Ltd (04896797)

> Why UK company 04896797 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04896797

- **Status:** Administration ended
- **Administration began:** 2011-04-18
- **Administrators' firm:** PwC
- **Incorporated:** 2003-09-12
- **Location:** Leeds
- **Industry:** 6420

## Why it went into administration

- Management failings / irregularities

## From the administrators' statement

The admimstrators (Toby $ Underwood and David J Kelly (“the Administrators”) of PricewaterhouseCoopers (“PwC”) were introduced to the Company by its funder Total Asset Limited (in administration) (“TAL”)

28 February 2011 to 4 April 2011 — administrators in waiting / limited forensic review

TAL approached the Administrators on 28 February 2011 due to concerns surrounding the Company’s abihty to service its debt and the stalling negotiations with the Company’s directors on a compromise solution TAL requested the Administrators’ consent for their names to be included on a creditors’ petition

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04896797/filing-history/MzAzODg5NjAxMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04896797

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