# On-Communications Limited (05616277)

> Why UK company 05616277 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05616277

- **Status:** Administration ended
- **Administration began:** 2016-07-11
- **Incorporated:** 2005-11-08
- **Location:** London
- **Industry:** 61200 Wireless telecommunications activities

## Why it went into administration

- Creditor pressure / legal action
- Property / lease costs

## From the administrators' statement

By the end of May 2016, the business had accrued substantial trade liabilities and given its lack of mcome, required further funding in order to satisfy its historic habilities and ongoing working capital requirements. The Group approached Candy to provide bridging finance pending an expectation of a significant equity rase In that regard, the Group had engaged an independent non-exclusive equity fundraiser to advise on investor relations and seek further investment

4.5

4.10

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05616277/filing-history/MzE1NzQ4MjU3M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05616277

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