Orex Consultancy Limited (09345717): administration
- Status
- In administration
- Administration began
- 2022-04-21
- Administrators
- Nicholas Barnett
- Administrators' firm
- Libertas Associates
- Incorporated
- 2014-12-08
- Location
- Bushey
- Industry
- 62020 Information technology consultancy activities
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1 Following a number of accounting and payment concerns. in. regard to the repayment of the secured ‘lending and interest due thereon, a number of information requests were made in accordance with the underlying facility
agreement.
3.2 It would seem that information disclosed as a consequence. of the request was not of sufficient standard to meet criteria agreed, and this then prompted further additional enquiries. As a consequence of these enquiries the Secured Creditor became concerned as it appeared that further breaches in the agreement were occurring.
Administrators' statement of proposals (2022-06-22) · Companies House register