Nexus Independent Financial Advisers Limited (06383260): administration
- Status
- In administration
- Administration began
- 2023-01-26
- Administrators
- Nicola Elaine Layland, Carl Derek Faulds
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2007-09-27
- Location
- Fareham
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Regulatory change or action
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Loss-making contracts / project overruns
- Sustained trading losses
From the administrators' statement
The company operated as a financial advice company, providing advice on investments, pensions, annual reviews and general enquiries from clients. The funds invested by clients were invested predominantly across two investment platforms. The platform companies are unconnected third parties.
The financial position for the company is summarised below.
Year ending 31st March
Administrators' statement of proposals (2023-03-29) · Companies House register