Pagehog Ltd. (06660167): administration
- Status
- Administration ended
- Administration began
- 2011-06-14
- Administrators
- Timothy James Heaselgrave
- Administrators' firm
- Greenfield Recovery
- Formerly
- Prestige Advice Centre Limited
- Incorporated
- 2008-07-30
- Location
- Sale
- Industry
- 7222
Why it went into administration
- Competition / price pressure
- Bad debts / customer insolvency
- Creditor pressure / legal action
- Management failings / irregularities
- Weather / natural events
From the administrators' statement
The Company was formed in October 2008 by Mr Andrew Powell to offer internet marketing solutions to small to medium enterprises in the local busmess community The director used a dormant company called Prestige Advice Centre to save time delay in mcorporating a new business
The first four months were spent settmg up processing systems and taking on test clients In January 2009 the business took on some self-employed telesales agents in an effort to start growing the client base At this stage 1t immediately became clear that there were a number of competitors setting up call centres. It was decided that in order to expand quickly enough to take a decent market share that the business would have to grow more rapidly The director therefore sought outside investment
Private investment of £20,000 was secured on a gentleman’s agreement from an individual in return for shares in the business. On that basis in April 2009 the business relocated from its leasehold premises on the Manchester Road to larger leasehold premises at Buxton House, Sale, Cheshire which was on the commuter lines for the Metrolink.
Administrators' statement of proposals (2011-08-03) · Companies House register