Speed-E-Loans.Com Ltd (06781893): administration
- Status
- Administration ended
- Administration began
- 2013-06-28
- Administrators' firm
- Accura Accountants Business Recovery Turnaround
- Incorporated
- 2009-01-02
- Location
- London
- Industry
- 64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Why it went into administration
- Cash flow / liquidity pressure
- Regulatory change or action
From the administrators' statement
The Company was Incorporated on 2 January 2009 with the intention to lend money on a short term basis Prior to trading, the Company raised funds by way of directors loans to the Company and investments in the form of loan notes and preference shares Throughout 2009 the Company sought new investment and additional directors were brought on board. In addition, the Company had employed a technology Company to build and develop a bespoke software system to manage the day to day lending requirements to the public. By November 2009 the Company had also employed approximately 6 members of staff and was getting
ready to commence trading for early 2010.
In February 2010, following a period of testing the Company’s new software and database, the
Administrators' statement of proposals (2013-08-29) · Companies House register