Citiguard Security Limited (07829686): administration
- Status
- Administration ended
- Administration began
- 2014-08-21
- Administrators
- Simon Franklin Plant, Daniel Plant
- Administrators' firm
- SFP Restructuring
- Incorporated
- 2011-10-31
- Location
- London
- Industry
- 80100 Private security activities
Why it went into administration
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
Albeit that statutory information is contained in Appendix Il, these Proposals provide bnef details in relation to the Company's history This history has been compiled following conversations between the Team and the Directors, subsequent to the placing of the Company into Administration
The Company was incorporated in 2011 by Mr Awan and traded from the Harrow Office From incorporation unt! November 2013 the Company had a small cllent base and was producing a low turnover
The Company's largest customer was PCL, providing the majonty of the Companies turnover However, during the last quarter of 2013, the Company was informed that PLC had begun to suffer from financial difficulties and would be placed into Liquidation This would have resulted in the Company sufferng a significant bad debt of circa £50,000, which it could not trade though
Administrators' statement of proposals (2014-09-30) · Companies House register