Rapidticket Limited (05854270): administration
- Status
- Administration ended
- Administration began
- 2011-10-12
- Administrators' firm
- KPMG
- Incorporated
- 2006-06-22
- Location
- Leicester
- Industry
- 7415
From the administrators' statement
The Company was incorpoiated on 22 June 2006 to purchase a new ficchold property ‘The company also purchased 100% of the share capital of Archers of Ashby Limited (now called Ashby Autos Limited) m return for shares in Rapiducket Lintted
The Company’s only activity was teceipt of tent fiom the subsidiary company and payment of the associated mortgage
Duc to poor trading results and a lack of avatlable credit, the subsidiary company was unable to continue to ade and had made the decision to appomt administrators Accordingly the Company could not meet its own debts as they fell due and also need the protection of an administration order Furthermore the value to all creditors of both compantes was considered to be maaimtsed by selhing the property with the assets of the trading company, therefore the companies both entered administration together
Administrators' statement of proposals (2011-12-08) · Companies House register