Arslan London Security Ltd (07298901): administration
- Status
- Administration ended
- Administration began
- 2024-03-26
- Administrators' firm
- CRG Financial Recovery
- Incorporated
- 2010-06-29
- Location
- Grimsby
- Industry
- 80200 Security systems service activities
Why it went into administration
- Property / lease costs
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") of the Company and not from our personal knowledge as Joint Administrators.
The unfortunate and sudden loss of Mr Muller meant that the remaining director, Mr Sam Clements took control of matters and instructed CRG Financial Recovery Ltd tfas CRG Insolvency & Financial Recovery to advise. This advice included how an Administration Order is obtained and how the affairs of the Company could be best brought to a conclusion. There was no shareholder involvement, as the time period to have a transfer of the shares and obtain vaiid control, given this may be taking place in Brazil, was not an option to wait for, so liquidation could have been a challenge as an alternative procedure.
Solicitors were also instructed who helpfully not only ensured they were satisfied the Administration was appropriate, but also arranged the appointment of the Joint Administrators.
Administrators' statement of proposals (2024-05-18) · Companies House register