Aspire Outsourcing Limited (07049340): administration
- Status
- Administration ended
- Administration began
- 2014-02-05
- Incorporated
- 2009-10-19
- Location
- Milton Keynes
- Industry
- 82200 Activities of call centres
Why it went into administration
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 19 October 2009 and commenced trading tn June 2010 The Company registered office is Cross House, Westgate Road, Newcastle upon Tyne, NE1 4XX and the Company initially traded from these premises, however it later traded from in addition 5 Floor, Cuthbert House, All Sats Business Centre, Newcastle upon Tyne, NE1 2—T
The Company provided the provision of outsourced sales and customer support services. It also sold utilities contracts on behalf of Eon EE and others
Aspire shareholders originally included the debenture holder, Mr Crampsey, however Mr Crampsey no longer wished to be an active shareholder of the Company As the remaining shareholders did not have sufficient capital to acquire Mr Crampsey shares, they were sold in the way of a loan note from the Company supported by a debenture conferring a fixed and floating charge over the assets The value of the loan note was based on a valuation from the Company’s accountants, of the relevant shareholding In addition the debenture contained terms stating that the loan would become repayable in the event that the Company defaulted on any arrangement with its creditors.
Administrators' statement of proposals (2014-04-07) · Companies House register