MO Realisations Limited (06118219): administration
- Status
- Administration ended
- Administration began
- 2012-10-11
- Administrators' firm
- RSM
- Formerly
- Match Options Limited
- Incorporated
- 2007-02-20
- Location
- London
- Industry
- 69201 Accounting and auditing activities
Why it went into administration
- Sustained trading losses
- Competition / price pressure
- HMRC / tax arrears
- Regulatory change or action
From the administrators' statement
Match Options Limited (“Match” or “the Company") was incorporated on 20 February 2007 with the Company number 06118219 and commenced trading immediately The business and assets were purchased from Eulink (UK) Limited, Company number 03785147, which went into Administration on 19 March 2007 Eulink (UK) Limited has subsequently entered into Liquidation and was dissolved on 8 July 2011
The directors of Match upon incorporation were Gabriel Rwamba and Susan Niweganju Gabriel Rwamba had also been a director of Eulink (UK) Limited Both directors had previously worked for many years in the recruitment industry, and they concentrated on building a client base in the care sector
Match entered into a confidential invoice discounting facility with Close Invoice Finance Limited (“Close”) and a charge was registered against the Company on 9 March 2007 This provided the Company with greater flexibility in its cash flow as it could pay temporary workers for work undertaken without necessarily receiving payment from customers
Administrators' statement of proposals (2012-11-23) · Companies House register