Entropy Environmental Limited (07816617): administration
- Status
- Administration ended
- Administration began
- 2012-12-04
- Administrators' firm
- MHA
- Incorporated
- 2011-10-19
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 19 October 2011 for the specific purpose of representing the interests of a group of investors in the acquisition of a substantial waste management business The Company has not traded as such and Its income has been entirely provided by the group of investors ("the Investors”)
The Company has engaged various professional advisers to undertake due diligence work in the target acquisition, with a view to acting as the acquisition vehicle Investment has been made by way of convertible loan notes, which allow the unsecured loans to be converted to share capital at a later date or on trigger events
Funds from the Investors have been provided in staged remittances, as and when required by the Company as professional advisers’ costs became payable
Administrators' statement of proposals (2013-02-11) · Companies House register