Inexsys Limited (08978467): administration and why it failed

Inexsys Limited (08978467): administration

Status: Administration ended
Administration began: 2018-11-20
Formerly: Connected MPS Ltd
Incorporated: 2014-04-04
Location: Royal Victoria Docks
Industry: 47990 Other retail sale not in stores, stalls or markets

Why it went into administration

HMRC / tax arrears
Creditor pressure / legal action
Property / lease costs
Cash flow / liquidity pressure
Loss of a key customer, supplier or contract
Sustained trading losses

From the administrators' statement

3.1.

3.2.

3.3.

Administrators' statement of proposals (2019-01-19) · Companies House register

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Inexsys Limited (08978467): administration

Why it went into administration

From the administrators' statement

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Inexsys Limited (08978467)