Meridian Turnkey Solutions Limited (07129747): administration
- Status
- Administration ended
- Administration began
- 2011-08-01
- Administrators' firm
- Jeffrey Mark Brenner of B&C Associates
- Formerly
- RA Engineering Limited
- Incorporated
- 2010-01-19
- Location
- London
- Industry
- 4521
Why it went into administration
- Property / lease costs
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Loss-making contracts / project overruns
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Mendian Turnkey Solutions Limited (formely RA Engineering Limited) CMTS. or “the Company”) was incorporated by Max Ashton and Andrew Clarfield on 18 January 2010 and purchased the business and assets of IBS Connect Limited — In Administration (IBS °) The initial purchase was for £130,000 and this was paid upon completion on 22 January 2010 The capital was provided personally by Max Ashton and Andrew Clarfield
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Administrators' statement of proposals (2011-09-22) · Companies House register