# Fairfax I.S. PLC (05496355)

> Why UK company 05496355 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05496355

- **Status:** Administration ended
- **Administration began:** 2012-12-05
- **Administrators' firm:** BDO
- **Formerly:** Fairfax I.S. Limited
- **Incorporated:** 2005-07-01
- **Location:** London
- **Industry:** 66120 Security and commodity contracts dealing activities

## Why it went into administration

- Regulatory change or action

## From the administrators' statement

The Fairfax Group was established in 2005 as an independent investment bank with the directors and employees owning substantial equity A group structure is enclosed at Appendix 1. The Company was incorporated on 1 July 2005

The principal activities of the Company were the provision of corporate finance advice, institutional sales, market making, mergers and acquisitions and to undertake propnetary trading The Company was a member of the London Stock Exchange, a UK Lasting Authonty sponsor, a Nominated Adviser for the Alternative Investment Market and as a Listing Sponsor for NASDAQ Dubai. In the period to January 2011, the Company had successfully raised equity funding for chents of approximately £1 8 billion

The accounts for the penidd*to 31 December 2007, showed revenue ‘of £21 7m and profit ~ ~ after tax of £1.6m As a result of the ongoing current economic climate, revenues since 2007 had fallen to £7 2m dunng 2011 In order to mitigate the decreasing revenue, the Company sought to cut costs by ceasing recruitment of additional or replacement staff

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05496355/filing-history/MzA3MTY3NTk4MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05496355

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