The JET Group Limited (10344336): administration
- Status
- Administration ended
- Administration began
- 2019-11-19
- Incorporated
- 2016-08-24
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Management failings / irregularities
- Parent or group failure
From the administrators' statement
The Company was incorporated in August 2016, along with a sister company called The Jet Group Services Limited (“Services”) with Jason Earl as the sole director and shareholder of both companies to provide news and analysis related to the financial markets via a website and audio stream.
The director advises that Services was used as the administration arm of the Company dealing with collecting of the revenue stream and the discharge of trading expenses.
In 2018 the director became aware that the shareholding in Services had been changed at Companies House without his consent and new directors were appointed by those shareholders. At this stage Mr. Earl resigned as a director of Services and makes a report to ActionFraud and Companies House.
Administrators' statement of proposals (2020-01-30) · Companies House register