From the administrators' statement

Smuth & Williamson LLP were initally approached by Bibby Financial Services Limited (“Bibby”) in November 2011 to advise on the solvency of the company and whether Bibby should continue to support the business as 1t had concerns regarding the company’s financtal position following the threat of a winding up petinon from HM Revenue & Customs (“HMRC”)

At that ume the directors put further money into the Company to assist with settling the debt to HMRC The directors also made costs savings and employed a new sales person to bung further work to the business

The directors then approached Smith & Willamson when the increased turnover failed to materialise and the directors’ attempts to sell the business or find an investor failed

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Trowbridge Limited (07122611)

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