# Subsy Limited (10972419)

> Why UK company 10972419 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10972419

- **Status:** Administration ended
- **Administration began:** 2024-02-28
- **Administrators:** Michael Robert Fortune, Stewart Goldsmith
- **Administrators' firm:** Leonard Curtis
- **Formerly:** FF Albus Limited
- **Incorporated:** 2017-09-20
- **Location:** Fareham
- **Industry:** 62012 Business and domestic software development

## Why it went into administration

- HMRC / tax arrears
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

2.17

2.2

2.3

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10972419/filing-history/MzQxMzYxMjQ3MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10972419

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.