Arishi Media Technologies Ltd (06438640): administration
- Status
- Administration ended
- Administration began
- 2023-04-27
- Administrators
- Charles Hamilton Turner, Trevor John Binyon
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2007-11-27
- Location
- Milton Keynes
- Industry
- 62020 Information technology consultancy activities
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
3.1
3.2
With the sudden onset of restrictions associated with the COVID-19 pandemic, and in an effort to continue to retain and grow the Company’s business, especially as no material debt had existed, a salesperson was hired, funded by debt finance. Unfortunately, while warm leads could be closed, new leads were scarce.
Administrators' statement of proposals (2023-05-17) · Companies House register