# FOX IT Limited (05234874)

> Why UK company 05234874 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05234874

- **Status:** Administration ended
- **Administration began:** 2013-04-05
- **Administrators' firm:** CMB Partners
- **Formerly:** FOX IT Consulting and Trading Limited; Broomco (3553) Limited
- **Incorporated:** 2004-09-17
- **Location:** London
- **Industry:** 62020 Information technology consultancy activities

## From the administrators' statement

In February 2013, Bryan Lucas, a Partner in CMB Partners LLP, was introduced to the Company by an independent financial adviser, Norman Baker of Fillyoak Limited Mr Lucas was asked to review the financial position of the Company with the directors. It was noted that the three current directors had previously been employees of the Company and had purchased the business from the former directors/shareholdars, whereupon they had invested significant sums to meet ongoing cash-flow

requirement

Following a full financial review, the directors concluded that the Company was insolvent on both a commercial insolvency basis and a balance sheet test and advice was given in respect of the options available to the directors, which resulted in the directors concluding that the Company should be placed

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05234874/filing-history/MzA4MDExOTM4NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05234874

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