# Rapidticket Limited (05854270)

> Why UK company 05854270 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05854270

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05854270/filing-history/MzA0ODcxODIwNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05854270

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