Ssystems Realisations Limited (05549107): administration
- Status
- Administration ended
- Administration began
- 2013-11-15
- Administrators
- Daniel Francis Butters, Daniel James Mark Smith, William Kenneth Dawson
- Administrators' firm
- Deloitte
- Formerly
- Sicura Systems Limited
- Incorporated
- 2005-08-30
- Location
- Manchester
- Industry
- 62012 Business and domestic software development
Why it went into administration
- Parent or group failure
From the administrators' statement
The majority of the Group entered Administration on 4 November 2013 As aresult, the Company’s funding line effectively ceased and it no longer had access to the working capital facilities necessary to support Its continued trading beyond the very short-term The Directors of the Company sought to rapidly dispose of the business as a going concern However, despite discussions with a number of potentially interested parties and funders, such a disposal did not prove possible Accordingly, the Directors took steps to appoint Administrators to the Company
Administrators' statement of proposals (2014-01-06) · Companies House register