# Broadgate Mercury Limited (05700111)

> Why UK company 05700111 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05700111

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05700111/filing-history/MzE2MzUzNDc4MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05700111

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