Broadgate Mercury Limited (05700111): administration
- Status
- Administration ended
- Administration began
- 2016-09-30
- Administrators' firm
- Asset Partners
- Incorporated
- 2006-02-07
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Regulatory change or action
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The Company was incorporated in February 2006 by Howard Fruin, David Chitty and Stewart Williams Its principal trading activity was the provision of regulated stock broking, corporate finance and foreign exchange services It was also involved in raising finance for international development projects
The Company operated from serviced offices at 9 Devonshire Square, London EC2M 4YF Early trading results were encouraging, and the Company was able to break even dunng the challenging environment of the post-2008 banking crisis During the economic recovery the
financial performance of the trading business continued to improve
Administrators' statement of proposals (2016-12-05) · Companies House register