# Phoros Accountancy Limited (05572808)

> Why UK company 05572808 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05572808

- **Status:** Administration ended
- **Administration began:** 2012-09-06
- **Administrators' firm:** Grant Thornton
- **Formerly:** Global Wealth Management Services Limited
- **Incorporated:** 2005-09-23
- **Location:** Gateshead
- **Industry:** 7412

## Why it went into administration

- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure

## From the administrators' statement

The information detailed below has been provided to us by the Company No verification of this information has been carried out by the Joint Administrators

The Company was incorporated on 23 September 2005 The Company traded from premises in central London and operating as part of the Phoros Group provided bespoke tax, trust and remuneration solutions to high net worth individuals within the financial services sector The Company was primarily responsible for the preparation of tax returns and the provision of personal tax advice to Its clients

Over the first four years the Company generated significant increases in revenue and the directors anticipated continued growth for future years As a result, the Company employed additional tax and accountancy qualified professionals to service Its growing client base and moved to larger rented premises to house the additional staff

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05572808/filing-history/MzA2Njg4MDUyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05572808

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