Spectrum (Midco) Limited (08805278): administration
- Status
- Administration ended
- Administration began
- 2019-10-22
- Administrators
- Christopher James Farrington, Simon Jagger
- Administrators' firm
- ReSolve
- Incorporated
- 2013-12-06
- Location
- London
- Industry
- 66220 Activities of insurance agents and brokers
Why it went into administration
- HMRC / tax arrears
- Regulatory change or action
From the administrators' statement
The Companies were incorporated on 6 December 2013 as part of the Spectrum Group with a view to BidCo acquiring OpCo
Further background information is provided at Section 2 of the SIP16 statement attached at Appendix VIII. The circumstances leading to our appointment
In July 2019 BidCo became aware of a Corporation Tax liability of approximately £1.3m that fell due for payment in October 2019 as an unanticipated consequence of the assignment of RBS’ debt position taken by the Secured Creditor during 2018.
Administrators' statement of proposals (2019-11-23) · Companies House register