LL2014 Realisations Limited (05082811): administration
- Status
- Administration ended
- Administration began
- 2014-12-15
- Administrators' firm
- David Thorniley of Traverse Advisory
- Formerly
- Lightmaker Lotto Limited; Lightmakerlotto Limited; Smslottome Limited
- Incorporated
- 2004-03-24
- Location
- Tunbridge Wells
- Industry
- 62090 Other information technology service activities
Why it went into administration
- Parent or group failure
From the administrators' statement
The business was funded by Mr Duncan Troy personally, and through the issue of shares to private investors By late 2014, lack of revenue meant the Company had reached a position where there was no more cash tn the business
David Thorniley of Traverse Advisory Limited was consulted direct by Mr Troy, the sole director of the Company on 31 October 2014, and an initial meeting was held with the director on 3 November 2014 to discuss the Company’s financial circumstances It was apparent the Company was insolvent on a balance sheet basis, in that its liabilities were greater than the value of Its assets, and also on a going concern basis, in that it was not in a position to meet its liabilites as and when they fell due
On 3 December 2014 an application for the appointment of an Administrator was made by the directors, pursuant to Paragraph 22 of Schedule B1 of the Insolvency Act 1986, and on 15 December 2014 David Thorniley was appointed Administrator
Administrators' statement of proposals (2015-02-03) · Companies House register