# Xconnect Global Networks Limited (05365669)

> Why UK company 05365669 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05365669

- **Status:** Administration ended
- **Administration began:** 2019-08-08
- **Administrators:** Graham Paul Bushby, Damian Webb
- **Administrators' firm:** RSM
- **Incorporated:** 2005-02-15
- **Location:** London
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- Funding withdrawn / unable to refinance
- Over-expansion / investment not recovered
- Sustained trading losses

## From the administrators' statement

Relevant extracts from the Company’s audited financial statements and management accounts are summarised below.

Balance Sheet 08-Aug-19 31-Dec-18 31-Dec-17

unaudited unaudited audited £'000 £'000 £'000

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05365669/filing-history/MzI0NjU5Mjg0MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05365669

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