MPH (Northwest) Limited (07870086): administration
- Status
- Administration ended
- Administration began
- 2015-10-07
- Administrators
- Peter James Anderson, Alan David Fallows
- Administrators' firm
- Kay Johnson Gee Corporate Recovery
- Incorporated
- 2011-12-05
- Location
- Manchester
- Industry
- 80100 Private security activities
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 5 December 2011 by Gillian Morton (“the Director") The Company began to trade in January 2012 initially from leasehold premises at Unit 23 St Asaph Business Park as a provider of security including static mobile patrols and door supervisors
In order to fund the trading the Company entered into a debt factoring agreement with Bibby Financial Services Ltd (“Bibby”) on 22 December 2011 Bibby was granted an assignment of the sales ledger and debenture dated 22 December 2011 creating a fixed and floating charge over the assets of the Company ‘
The Directors also negotiated payment terms with clients of every 2 weeks
Administrators' statement of proposals (2015-12-04) · Companies House register