# Equity Trading Systems Limited (05946381)

> Why UK company 05946381 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05946381

- **Status:** Administration ended
- **Administration began:** 2012-05-31
- **Formerly:** Larn Limited
- **Incorporated:** 2006-09-26
- **Location:** London
- **Industry:** 7487

## From the administrators' statement

Substantial funds were injected in to the Company by Group Seven Limited for the purpose of funding the trading operations of the business These monies, 100 mithon Euros, were initially deposited in to an escrow account operated by Notable Services LLP on behalf of the Company

Pnor to these funds being transferred to a dedicated account operated by the Company, several payments were made from this account upon the instructions of the director

The funder become concerned that monies were being utilised for purposes other than that for which they had been advanced and furthermore, had severe reservations as to the efficacy and legalty of the onginal purpose for which the funds were required

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05946381/filing-history/MzA2MTEyMDg3NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05946381

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