KEY 6 Ltd (06982381): administration
- Status
- Administration ended
- Administration began
- 2014-11-11
- Administrators
- Alan Clifton
- Administrators' firm
- Alan Clifton of Empirical Insolvency
- Formerly
- TSG (Shropshire) Limited
- Incorporated
- 2009-08-05
- Location
- Solihull
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Key 6 Limited (hereinafter referred to as “the Company’) was incorporated on 5 August 2009 to purchase the business and assets of a company which was in Administration The Company carried on business as commercial cleaners
In 2013 the Company lost some major chents and embarked on a campaign to win new work However, due to staffing problems the new sites never materialised and promised work was put back for a vanety of reasons The reduction in tumover led to a build up of PAYE/NI, Corporation Tax and VAT The director was unable to find financing to cover the Crown
Administrators' statement of proposals (2014-12-30) · Companies House register