Safe Route Facilities Management Limited (06704307): administration
- Status
- Administration ended
- Administration began
- 2016-09-02
- Administrators
- Malcolm Cohen, Sarah Megan Rayment
- Administrators' firm
- BDO
- Formerly
- Safe Route Management Services Limited
- Incorporated
- 2008-09-23
- Location
- London
- Industry
- 43290 Other construction installation
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 23 September 2008 and its principal business was the design, procurement and provision of its patented protected pedestrian walkway system for installation and erection by contractors. The Company traded from offices at Umit 9 Archway Business Centre, 19-23 Wedmore Street, London N19 4RU. The Company’s registered office was previously at Unit 9 Archway Business Centre but was changed to 55 Baker Street, London W1U 7EU following the appointment of the Joint Administrators.
The director attributes the Company’s failure principatly to a lack of cash flow brought about by difficulties in collecting debtors and the loss of its banking facility in July 2016
The Company did seek additional investment from its shareholders but the shareholders declined to invest further
Administrators' statement of proposals (2016-11-03) · Companies House register