Team Recycling Limited (08631811): administration
- Status
- Administration ended
- Administration began
- 2019-07-02
- Administrators
- Andrew Watling, Simon Campbell
- Administrators' firm
- Quantuma
- Formerly
- IQ EOL Limited
- Incorporated
- 2013-07-31
- Location
- Town Quay
- Industry
- 95110 Repair of computers and peripheral equipment
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1. Quantuma LLP was introduced to the Company by Jo Murray of Free Range Business, the Company Accountant in April 2019.
3.2 Simon Campbell and Lucy Garner first met with the Director on 26 April 2019.
3.3 From the first meeting, it was evident that the Company was insolvent and unable to meet payments to creditors as and when they fell due. The Company was receiving creditor pressure, in particular from HM Revenue & Customs.
Administrators' statement of proposals (2019-07-29) · Companies House register