Cross Line Limited (09762567): administration
- Status
- Administration ended
- Administration began
- 2019-10-07
- Administrators
- Andrew Fender
- Administrators' firm
- Insolvency Practitioners of Sanderlings
- Incorporated
- 2015-09-04
- Location
- Solihull
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
3.1. Following the events highlighted above, the Administrator understands that the company was unable to pay suppliers and received funding from a third party for this purpose, which was secured by way of a floating charge.
3.2 The charge was subsequently assigned and following an unsatisfied demand for payment the new charge holder appointed Andrew Fender as Administrator on 7 October 2019.
3.3. The Administrator confirms that they are authorised to carry out all functions, duties and powers.
Administrators' statement of proposals (2019-12-06) · Companies House register