Damocles Solutions Ltd (07288472): administration
- Status
- Administration ended
- Administration began
- 2011-06-23
- Administrators
- Colin David Wilson, Steven John Parker
- Administrators' firm
- RSM
- Incorporated
- 2010-06-17
- Location
- London
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 17 June 2010 with the intention of procuring work or long term contracts within the security sector, in particular commercial CCTV monitoring and close protection services, as well as contracts in commercial cleaning The Company did not immediately commence trading as it took a considerable amount of time to secure any contracts
In April 2011 the Company commenced trading following the acquisition of contracts and other assets from CGS (UK) Limited The contracts were predominantly cleaning contracts, although they also included a proportion of security contracts In order to fund the trading of the business, the Company arranged an invoice factoring facility with Pulse Cashflow Finance Limited (“Pulse”)
| am unable to provide a summary of the Company's recent trading performance as the Company did not prepare any statutory accounts due to it being incorporated for only one year In addition there are no management accounts available
Administrators' statement of proposals (2011-08-12) · Companies House register