From the administrators' statement

The company accounts show that it made a loss during the year ended 31" March 2013 of £28,851 Despite the losses and apparent insolvent position, the company traded with the financial support of its directors (Lee Barry Sullivan and Sol Gilbert) During early 2013, the directors started having disagreements on the way the affairs of the company were managed The disagreements escalated to the extent that there was no working relationship between the directors The company was insolvent and without the financial support of Mr Sullivan, it was unable to continue trading Under these circumstances, Mr Sullivan, approached Jeremy Knight & Co and used his nghts as a debenture holder to place the company i Admunistration

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ZT Group Limited (06655749)

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