From the administrators' statement

During the period ended 31 December 2012, the Company made a loss of £655,800 ona reported turnover of £1,596,200

Prior to the Administration, Duff & Phelps were approached by the Secured Creditor to provide insolvency advice to the Directors

On 8 February 2013, Duff & Phelps met with the Directors to discuss the financial position of the Company At this meeting the Directors confirmed that the Company was unable to pay debts as they fell due including the repayment of funds to the Secured Creditor under its debenture

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N. Stewart Events Limited (07980839)

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