K2 Technologies Limited (09144281): administration
- Status
- Administration ended
- Administration began
- 2016-07-25
- Administrators
- Lisa Jane Hogg, Kelly Burton
- Administrators' firm
- Wilson Field
- Incorporated
- 2014-07-23
- Location
- Sheffield
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Weak consumer demand
- Cash flow / liquidity pressure
- Property / lease costs
- Competition / price pressure
From the administrators' statement
The information provided tn this section is based upon the Company records, the accuracy of which the Joint Administrators are unable to vouch for The Joint Administrators cannot therefore be held personally liable for errors or misstatement of fact contained therein
The Company ts essentially a successor to the trading division of a Darlington based business called Solo Thermal Imaging Limited (“Solo”) which entered into Administration on 18 July 2014, of which lan Wilkinson was the financial advisor Subsequently on 23 July 2014 two companies were set up, one to purchase the assets and the second to act as a vehicle for the trade, being the Company and the wholly owned subsidiary respectively Following this the Company was incorporated on 23 July 2014 under the name of K2 Technologies Limited, upon incorporation lan Wilkinson was appointed as director and the assets and business of Solo were purchased for £30,000 from Begbies Traynor (Central) LLP on 28 July 2014
Solo itself was a successor of GB Solo Limited ("GB Solo”) which was a business ran by James Peter Brooks and Victoria Lynn Mclaren, both of whom were employed by the wholly owned subisdiary at the date of the Joint Administrators appointment The Company's business can therefore be traced back to 1996, when GB Solo commenced trading In the case of James Brooks and Victoria McClaren, they had continuity of employment via GB Solo, Solo and the wholly owned subisdiary dating back to April 1997 and October 1999 respectively
Administrators' statement of proposals (2016-09-01) · Companies House register