Imeggable Holdings Limited (08163012): administration
- Status
- Administration ended
- Administration began
- 2017-08-02
- Administrators
- Julie Anne Palmer, Sally Richards
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2012-07-31
- Location
- Salisbury
- Industry
- 70100 Activities of head offices
Why it went into administration
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
We understand that that the Company has no trading activity and simply held 100% of the ordinary share capital of Air Parts Limited following the purchase of shares from Mr Ford and Ms Bonner.
Mr Ford and Ms Bonner commenced legal action against the Company as a result of non payment of the deferred consideration following the purchase of Air Parts Limited’s shares. On 22 June 2017, Mr Ford and Ms Bonner served a statutory demand for £1,510,587.25 on the Company and stated that they would commence winding up proceedings if the demand was not satisfied.
The directors of the Company filed a notice of intention to appoint administrators on 20 July 2017 which prevented Mr Ford and Ms Bonner from taking further legal action. The directors filed for the appointment of
Administrators' statement of proposals (2017-09-28) · Companies House register