The Global Management Group Ltd (09434392): administration
- Status
- Administration ended
- Administration began
- 2019-05-01
- Administrators' firm
- The Wilkes Partnership
- Incorporated
- 2015-02-11
- Location
- Norwich
- Industry
- 77110 Renting and leasing of cars and light motor vehicles
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Parent or group failure
From the administrators' statement
The Company was incorporated on 11 February 2015 and was utilised to provide staff to the group of companies owned by parent company Arlique Ltd. In addition, consultancy and management services of those staff together with the expertise of the group companies’ were provided to third parties.
Further, the Company also purchased software and dealt with branding related matters for group companies which included the setting up of a payment platform, namely GMGPay, as well as website set up and management for the group companies (“the Group’).
Following an agreement in July 2018 with a third party, namely Puspa Varsani, the Company was to be sold (out of the Arlique 'Group’) on a deferred basis and the staff were terminated/redeployed during the summer of 2018 when the provision of these services ceased, as agreed between all parties. The staff were all undertaking work by this time for an associated company, CIA Technology Global Ltd (“CIA”), and it was therefore considered that these employees should therefore be formally transferred over to CIA. However, this sale was subsequently voided in November 2018 and the Company ownership reverted to Arlique Ltd and the new directorships terminated.
Administrators' statement of proposals (2019-07-05) · Companies House register