Nwix Group Limited (05318625): administration
- Status
- Administration ended
- Administration began
- 2012-11-01
- Administrators
- Julian Pitts, Nicholas Edward Reed
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2004-12-21
- Location
- Leeds
- Industry
- 62090 Other information technology service activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Parent or group failure
From the administrators' statement
The administrators’ statement of proposals for achieving the purpose of the administration, which will be sent to creditors in due course, will provide detailed information in relation to the Group However, to assist creditors who may have a limited understanding of the Group and tts affairs to better understand the reasons for the pre-packaged sale, we have provided certain background information at this stage
The Group provided network and IT infrastructure services to the business community, employing approximately 15 people from the trading offices in Macclesfield, Cheshire The Group has been trading since 2004 In the financial year to 31 March 2011 turnover was £3 3m with net profit of £290k
The reasons for the Company's insolvency
Administrators' statement of proposals (2012-12-27) · Companies House register