Fonerent Ltd (05363379): administration
- Status
- Administration ended
- Administration began
- 2013-03-14
- Administrators
- Diane Elizabeth Hill, Mark Terence Getliffe
- Administrators' firm
- Aua Insolvency Risk Services
- Incorporated
- 2005-02-14
- Location
- Manchester
- Industry
- 62090 Other information technology service activities
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
On 9 November 2012 the Company entered into a three month loan agreement for the advance of £32,000 with Corporate Strategies Pic (“CSP”) required for the purposes of satisfying a winding-up petition which the Company was unable to pay from its working capital CSP were granted a debenture by the Company incorporating a fixed and floating charge over the Company's assets dated 9 November 2012 which was registered at Companies House on 23 November 2012
In addition to CSP’s security Letzrent Limited (“Letzrent’) hold a debenture Incorporating a fixed and floating charge over the Company's assets for funds advanced to the Company by way of a loan This charge !s dated 26 March 2007 and was registered at Companies House on 1 May 2007
The Company, CSP and Letzrent agreed a Deed of Priority on 9 November 2012 defining CSP as senior lender in priority of Letzrent’s earlier charge, as a condition
Administrators' statement of proposals (2013-05-24) · Companies House register