Nemetona Trading Limited (06852468): administration
- Status
- Administration ended
- Administration began
- 2015-07-28
- Formerly
- Nerida Trading Limited
- Incorporated
- 2009-03-19
- Location
- London
- Industry
- 46180 Agents specialised in the sale of other particular products
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The history of the Company has been provided to us by the director of the Company Verification of this information has not been carried out by the Administrators
The Company was incorporated in March 2009 initially under the name of Nerida Trading Limited, the Company's business was that of brokerage for steel, edible oils, chemicals and raw materials both nationally and internationally The Company was financed by the director and a private investor
The Company traded well initially, successfully expanding into the Russian and US markets The Company sourced a number of lucrative international contracts throughout this period of expansion, purchasing a high volume of goods on their cllents’ behalf Due to the nature of the business and the risk involved to the Company, any breach of the contractual terms on the part of the client would result in the Company being burdened with a vast amount of bulk stock whilst they sought a solution to the breach
Administrators' statement of proposals (2015-09-24) · Companies House register