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Context Business Limited (06298773): administration

Status
Administration ended
Administration began
2011-05-18
Administrators' firm
Begbies Traynor
Incorporated
2007-07-02
Location
Leeds
Industry
7230

Why it went into administration

From the administrators' statement

Context Business Limited (‘CBL') was incorporated on 2 July 2007 acquiring the assets of Context Installation Services Ltd, an associated company which became insolvent due to being unable to pay its debts The Company took occupation of the existing premises at Gemini House, 10-18 Putney Hill, London, SW15 GAA

CBL’s core activity ts the aggregation, cleansing and reporting of the data obtained from distributors Considerable investment has been made in the people and processes (including IT systems) that allow CBL to be able to provide relevant, accurate and timely information

CBL’s customers pay in advance (historically 12 months upfront but increasingly moving to 3 months) At any given point in time these advance payments mean that there exists a deferred income balance in the Company's accounts representing the obligation to provide customers future data services for which payment has already been made

Administrators' statement of proposals (2011-07-13) · Companies House register

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Context Business Limited (06298773)

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