Kingston (BG) Asset Management Limited (08711219): administration
- Status
- Administration ended
- Administration began
- 2015-08-19
- Formerly
- Kingston (PG) Assets Management Limited; CIS Personnel Management Corporation Limited
- Incorporated
- 2013-09-30
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company had accrued a large liability outstanding to HM Revenue & Customs and had been threatened with a winding up petition Were the petition to be issued, the options available to the Company, and a proposed Administrator, would be diminished
The Company had a large number of employee's and therefore it was in the benefit of all creditors if these could remain in employment, and avoid any claims arising from redundancy
Notice of intention to appoint an Administrator was filed on 5'" August 2015 and, in the days leading up to the eventual appointment, the Administrator investigated the possibilities of rescuing the business, or selling it, along with the employee’s contracts
Administrators' statement of proposals (2015-10-27) · Companies House register