Itxen Limited (08522151): administration
- Status
- Administration ended
- Administration began
- 2019-06-27
- Administrators
- Carl Derek Faulds, Stewart Goldsmith
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2013-05-09
- Location
- Fareham
- Industry
- 62020 Information technology consultancy activities
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The company was incorporated in May 2013 and was established to carry out IT consultancy.
After a period of time the company built up a cash reserve and so the director decided to venture into other areas of business and the company began to develop property and carry out property refurbishments.
The director was advised of an opportunity to Jend funds to a company, Lodge Inns Ltd, which was looking to purchase a plot of land in Clitheroe and develop this into a holiday park.
Administrators' statement of proposals (2019-09-02) · Companies House register