# First Action Finance Limited (05452491)

> Why UK company 05452491 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05452491

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05452491/filing-history/MzA3NzI4NzUxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05452491

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