Maxim Services Group Limited (09623896): administration
- Status
- Administration ended
- Administration began
- 2019-03-25
- Administrators' firm
- Insolvency Practitioners of Aspect Plus
- Incorporated
- 2015-06-04
- Location
- Hoddesdon
- Industry
- 61900 Other telecommunications activities
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Parent or group failure
From the administrators' statement
Aspect Plus Limited were initially introduced to VM (the Director and major shareholder), via Mark Standish of Haines Watts, a mutual contact. Aspect Plus Limited initially met VM on 10 December 2018. Prior to this, Aspect Plus Limited had no professional relationship or involvement with VM or the Company. The Company was experiencing cash flow problems and VM was considering selling the business either via a sale of:
- the shares or - the business and assets and paying the liabilities.
A number of parties known to VM had shown interest, but a) no offers had been received and b) no marketing had taken place.
Administrators' statement of proposals (2019-04-18) · Companies House register