# Flagship Resources Limited (07122632)

> Why UK company 07122632 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07122632

- **Status:** Administration ended
- **Administration began:** 2011-09-19
- **Administrators:** Andrew Fender
- **Administrators' firm:** Sanderlings Business Services
- **Incorporated:** 2010-01-12
- **Location:** London
- **Industry:** 9305

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

The company was incorporated in January 2010 The company traded in the supply of

temporary factory staff The company had a factoring agreement with Peak Cashflow Limited.

however despite his, it appeared from my initial enquiries that the company had been Compulsory Liquidations undercapitalised from the outset and was ‘over trading’. in that employees, being the mayor cost

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07122632/filing-history/MzA0NjExNzExNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07122632

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.