# Meridian Turnkey Solutions Limited (07129747)

> Why UK company 07129747 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07129747

- **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- Funding withdrawn / unable to refinance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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Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07129747/filing-history/MzA0NDI0OTg5MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07129747

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