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
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
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