Fast2Fibre (Holdings) Limited (08904172): administration
- Status
- Administration ended
- Administration began
- 2018-01-02
- Administrators
- Mark Richard Phillips, Julie Ann Swan
- Administrators' firm
- Partnership Invoice Finance
- Formerly
- Fast2Fibre Limited
- Incorporated
- 2014-02-20
- Location
- Uxbridge
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
An assessment of the Company’s business and asset position was carried out by Lambert Smith Hampton on 5 October 2017, which established that the value of the group was substantially greater as a whole due to all operations being managed within the group and the availability of the EU grant which would make it more attractive for investors.
it had been recognised that the Company’s assets, which were targely comprised of the intellectual Property Rights, were required to be secured in order to achieve a better realisation
5.3
Administrators' statement of proposals (2018-03-08) · Companies House register