Red KEY Concepts Limited (04938716): administration
- Status
- Administration ended
- Administration began
- 2022-06-16
- Administrators' firm
- MHA
- Formerly
- Christopher Stuart Limited
- Incorporated
- 2003-10-21
- Location
- St. Albans
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
This section has been redacted as detailed above.
Role of the insolvency Practitioner
| was introduced to the Board of the Company by Meghan Andrews of Azets Restructuring and Recovery LLP on 12 May 2022. | first met with the Board on 13 May 2022 to discuss the financial affairs of the Company which included the circumstances surrounding the adjudication. | subsequently entered-into an engagement with the Company, per an engagement letter dated 13 May 2022 (Signed on 16 May 2022) whereby | reviewed financial information, introduced solicitors and agents, and made recommendations in terms of the options available. Prior to the commencement of the Administration, | advised the Board as a whole, acting on behalf of the Company, about the Company’s financial difficulties and provided advice about the options available to the Company to help determine an appropriate course of action to take. 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, | was still required to act in my dealings with the Company in accordance with the Insolvency Code of Ethics. Please note during the Pre-Appointment period | acted in the capacity as an Advisor only and …
Administrators' statement of proposals (2022-08-11) · Companies House register