3ACE International Limited (10515247): administration
- Status
- Administration ended
- Administration began
- 2024-04-05
- Administrators
- Avner Radomsky, Michael Goldstein
- Administrators' firm
- Michael Goldstein of RG Insolvency
- Incorporated
- 2016-12-07
- Location
- Borehamwood
- Industry
- 61900 Other telecommunications activities
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Competition / price pressure
- Bad debts / customer insolvency
From the administrators' statement
The information below in respect of the circumstances giving rise to the appointment of the Joint Administrators is based on information provided from the Company to date. This has not yet been verified and will be subject to review and investigation under our statutory duties in due course.
3Ace International Limited (“the Company”) was incorporated on 7 December 2016 and Mr Zubair Abad was appointed as a Director of the Company on 22 August 2022.
The Company operated as a telecom aggregator providing a unified platform to integrate diverse telecom services in the field of ‘One Time Password’ (“OTP”).
Administrators' statement of proposals (2024-05-29) · Companies House register