Safe Business Services Limited (06093060): administration
- Status
- Administration ended
- Administration began
- 2013-10-15
- Administrators' firm
- David Rubin & Partners
- Incorporated
- 2007-02-12
- Location
- London
- Industry
- 7412
From the administrators' statement
The Company was incorporated in February 2007 in order to carry out the provision of accounting and tax advisory services to a high volume of small companies set up by individuals to manage thew accounting and tax affairs more effectively
The Company and its” sister company. Safe Services International Limited (now in compulsory liquidation) had operated a similar business until 2008, when an unexpected tax hability arose. resulting in the insolvency of 727 of its clents The Company was engaged by the Joint Admunistrators of the SSIL client compamies to prepare final accounts and tax computations in relation to the insolvent companies at a fixed price per company
This work was duly completed However, in 2009, a dispute arose and although an invoice was raised for the work payment was not forthcoming Relations between the company and the Administrators broke down and tm the absence of the funds due, and therefore, working capital. the directors decided to wind down the business At this stage, a sale of the Company's database of residual clients was negotiated and completed in March 2009 for £200,000
Administrators' statement of proposals (2013-12-05) · Companies House register