Solutions House Ltd (05234984): administration
- Status
- Administration ended
- Administration began
- 2012-04-16
- Administrators
- Lisa Jane Hogg, Robert Neil Dymond
- Administrators' firm
- Wilson Field
- Incorporated
- 2004-09-17
- Location
- Sheffield
- Industry
- 7260
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
Solutions House Limited commenced trading from premises at Rookery House, Abbeygate Street, Colchester, Essex, CO2 7HB on 1 Apni 2008 as an installer of network cabling
Initially the Company traded profitably, however, thelr cash flow slowed due to customers delaying payments and lower profit margins
The Company reduced its expenditure, however, it became increasingly unable to pay the funds due to its trade creditors and the Company's liabilities spiralled
Administrators' statement of proposals (2012-06-18) · Companies House register