Ateca Global Limited (10590966): administration
- Status
- Administration ended
- Administration began
- 2019-08-16
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 2017-01-30
- Location
- Reading
- Industry
- 62020 Information technology consultancy activities
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
3.1 On 25 June 2019 Paul Ellison of KRE Corporate Recovery LLP was introduced to the Company’s director by Wise & Co the company’s accountants, to advise him on the options available for the Company, as it was suffering cash flow issues.
3.2. The Company had insufficient funds in order to settle an outstanding claim received from HMRC and as HMRC were threating to issue a winding up petition, a Notice of Intention to Appoint an Administrator was filed at court in order to provide protection from any potential legal action whilst a purchaser for the business was sought. A Notice of Intention was filed on 1 August 2019.
3.3. On 16 August 2019, Paul Ellison and Gareth Roberts of KRE Corporate Recovery LLP
Administrators' statement of proposals (2019-09-16) · Companies House register