# Context Business Limited (06298773)

> Why UK company 06298773 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06298773

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06298773/filing-history/MzA0MDM4NDkyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06298773

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