First Call Secure Group Limited (06586451): administration
- Status
- Administration ended
- Administration began
- 2015-08-07
- Administrators
- Kikis Kallis
- Administrators' firm
- Kallis & Company
- Formerly
- DAC Active Safety Solutions Limited
- Incorporated
- 2008-05-07
- Location
- Whetstone
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The company was incorporated in 2008 as DAC Active Safety Solutions Limited and remained dormant for a number of years In 2013, the directors, who had a number of years experience in providing security services, were able to secure a contract for the provision of security services at the former Middlesex University, Trent Park Campus At this time the company changed its name from DAC Active Solutions Limited to First Call Secure Group Limited and commenced trading
The site, “Trent Park” had been acquired by a Malaysian company, Allianze University College of Medical Sciences (“ACMS”) for some £30 9million The purchase was financed through part of a larger finance package which was to see Trent Park renovated and running as a University once again ACMS were working with a property developer in the UK that was well known to the company directors and through whom the contract was secured
Arrears for the payment of services provided were accruing from the outset of the contract, there were ongoing discussions with ACMS throughout the period as to the debt accruing and the directors of the company were actively involved in the development plans and were working with the Malaysian management team on various other matters Meetings were held regularly and the directors were involved in discussions with ACMS’s bankers with regard to payment Moreover, when it became apparent that there may be some issues with the reinstatement of Trent Park as a University the directors were actively involved in the marketing of Trent Park as a development site, resulting the directors, through another of their companies, holding a power of attorney to deal with the affairs of ACMS
Administrators' statement of proposals (2015-09-25) · Companies House register