Best Asset Management Ltd (07355680): administration
- Status
- Administration ended
- Administration began
- 2019-12-06
- Incorporated
- 2010-08-24
- Location
- Wolston
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Creditor pressure / legal action
- Regulatory change or action
- Management failings / irregularities
From the administrators' statement
Best Asset Management Limited (‘the company’) worked with corporate clients who engaged with them to assist in their fund-raising strategies. It operated as a successful business in this area for many years.
From 2009 onwards, the Company co-ordinated the creation of circa fifty bonds and multiple funds for a variety of corporate clients whilst also offering other administration services to these same clients in order to enable them to manage their client relationships. These projects enabled the creations of projects in both the UK, Europe and further afield.
The Company gained a good reputation through a number of projects whereby the corporate client started, raised funds and redeemed their investors. As such, the Company became involved with a larger number of corporate clients with growth purely by word of mouth as well as the corporate clients themselves growing.
Administrators' statement of proposals (2020-01-31) · Companies House register