Flare Limited (06994528): administration
- Status
- Administration ended
- Administration began
- 2020-04-30
- Administrators
- Allan Watson Graham, Matthew Ingram
- Administrators' firm
- Kroll
- Incorporated
- 2009-08-19
- Location
- London
- Industry
- 46190 Agents involved in the sale of a variety of goods
Why it went into administration
- Parent or group failure
- COVID-19
From the administrators' statement
Statutory information on the Companies i is included at Appendix 1, including details of the Companies registered and trading addresses.
Tactical Solutions was incorporated on 7 April 2000 and Flare was incorporated on 19 August 2009; both operated together as a field marketing agency. The majority of the Companies’ clients operated in the consumer food products sector. .
in 2018, the Company was sold together with sister companies (SGL Realisations Limited:and SP Group’ Limited) to Selmerbridge. As part of that change of ownership, the Companies obtained finance in the form of invoice financing facilities from the Secured Creditor. Accordingly, the Secured Creditor was granted fixed and floating charges over the assets of the Companies. Under the terms.of the facilities, the Companies’ book debts were assigned to the Secured Creditor.
Administrators' statement of proposals (2020-06-26) · Companies House register