Matlock Security Ltd (06365534): administration
- Status
- Administration ended
- Administration began
- 2012-03-05
- Administrators
- Gareth Wyn Roberts, Robert Christopher Keyes
- Administrators' firm
- RSM
- Incorporated
- 2007-09-10
- Location
- Reading
- Industry
- 7460
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The following narrative has been produced from statements provided by the Company's director(s) Creditors should note therefore that neither the Joint Administrators nor RSM Tenon Recovery accept any responsibility for any inaccuracies contained herein.
Matlock Security Limited was purchased between April and November 2011 The trading premises were moved from Exeter to leasehold premises at Vickers House, Basingstoke. The business operated as a security company and its shareholders were Matt Hill and Dave Stanley, who were also directors
The Company experenced cash flow problems from the beginning but was a strategic acquisition to assist the growth of the training company (Forward Thinking Training Solutions Limited) (‘FTTS’) and was in fact financially dependent upon FTTS on a monthly basis.
Administrators' statement of proposals (2012-04-11) · Companies House register