Jyrobike Limited (08611775): administration
- Status
- Administration ended
- Administration began
- 2015-07-17
- Administrators
- James Neill
- Administrators' firm
- HNH Partners
- Formerly
- Gyrobike Ltd
- Incorporated
- 2013-07-16
- Location
- London
- Industry
- 32409 Manufacture of other games and toys, n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
Prior to the commencement of the Administration, HNH Partners Limited acted as advisors to the Company This advice was provided solely in respect of seeking to reach a compromise with PDD Group Limited who had served a statutory demand on the Company and who later issued a winding up petition against the Company Despite negotiations being entered into, no agreement could be reached and as a result the Company directors made an Administration Application to the Court
No advice was given by me or my firm to the individual directors regarding the impact of the insolvency of the Company on their personal financial affairs Whilst not formally in office at that time, HNH Partners Limited was still required to act in its dealings with the Company in accordance with the Insolvency Code of Ethics which it did
As required by the Insolvency Code of Ethics, | considered any threats to my objectivity and independence arising from this prior involvement | concluded that those threats were at an acceptable level such that | could still act objectively and hence could be appointed Administrator of the Company
Administrators' statement of proposals (2015-09-09) · Companies House register