Tradeops Ltd (07423371): administration
- Status
- Administration ended
- Administration began
- 2012-04-16
- Administrators
- Neil John Mather, Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-10-29
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
From the administrators' statement
Tthe Company was incorporated on 29 October 2010 After a period as a dormant company, the principal activity of the business was to trade various units in the pub and hotel sector
The Company entered into three management agreements with Mr Jonathon Marsden (“JM”) on 6 July 2011 concerning the three Properties ("the Management Agreements”) The Bank was granted a fixed and floating ‘all monies’ debenture over the Company on 10 March 2011, and this was registered at Companies House on 18 March 2011 The Company was part of a wider secunty structure of assets pledged to the Bank
BTG Restructuring, a division of Begbies Traynor, were first instructed by JM and the Bank to assist and provide advice regarding JM’s ongoing affairs, this engagement grew to encompass the Company following the signing of the Management Agreements Limited historical information ts available as to the trading performance of the Company, but it was clear that the wider ‘group’ was in financial distress, with loan arrears to the Bank accruing It became apparent to the Bank in early April 2071 that JM, along with the Company, had no prospect of complying with their financial obligations to the Bank and other creditors and therefore the Bank took steps to realise its secunty
Administrators' statement of proposals (2012-06-14) · Companies House register