Finsol Systems Limited (06981252): administration
- Status
- Administration ended
- Administration began
- 2021-06-17
- Administrators
- Cameron Gunn, Simon Jagger
- Administrators' firm
- ReSolve
- Formerly
- The Forum Event Company Limited
- Incorporated
- 2009-08-05
- Location
- London
- Industry
- 63990 Other information service activities n.e.c.
Why it went into administration
- COVID-19
From the administrators' statement
The Company was incorporated on 5 August 2009 as The Forum Event Company Limited. It subsequently changed its name in 2014 to Finsol Systems Limited.
Historic accounts filed at Companies House indicate nominal trading activity occurred in the period from the Company’s incorporation until 2019.
In 2019 the Company’s current Director, Timothy Mutton together with a (now former) Director, Timothy Morgan prepared a business plan and sought to obtain funding for the Company. The Company, trading as Forecourt Finance was to utilise this funding for the provision of secured loan facilities to used car dealers for the purpose of purchasing vehicle stock.
Administrators' statement of proposals (2021-08-19) · Companies House register