First Action Finance Limited (05452491): administration
- Status
- Administration ended
- Administration began
- 2013-04-17
- Administrators' firm
- ReSolve
- Incorporated
- 2005-05-13
- Location
- London
- Industry
- 66220 Activities of insurance agents and brokers
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Competition / price pressure
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
From the administrators' statement
Details of the background and of the events leading to the appointment of the administrators are provided at section 2 of this report above
The source of the Administrators’ initial introduction
ReSolve was introduced by Mark Silverman from Cardan Management Services Limited, the Company's business advisors, having been made aware of the financial position by the Company
Administrators' statement of proposals (2013-05-01) · Companies House register