# Rapid Response Medical Services Ltd (11020015)

> Why UK company 11020015 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11020015

- **Status:** Administration ended
- **Administration began:** 2022-12-05
- **Administrators:** Benjamin John Wiles, Michael Lennon
- **Administrators' firm:** Kroll
- **Incorporated:** 2017-10-18
- **Location:** London
- **Industry:** 86900 Other human health activities

## Why it went into administration

- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Sustained trading losses
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Pension deficit

## From the administrators' statement

The Company was incorporated 18 October 2017 and was a private ambulance provider to its customers. The Company’s operations were located across nine (9) locations, and the Company was a leading supplier to its customers of private ambulances and paramedic services in the South and East of England.

The Company had assigned its book debts to Arbuthnot Commercial Asset Based Lending Limited (ACBAL) under an invoice finance agreement, and they hold a fixed and floating charge over the Company's property and undertaking of the Company.

Events leading up to Administration The Company had entered into an invoice finance agreement with ACABL on 7 April 2022. However, the Company was lossmaking and following the misuse of the facility with ACABL, Kroll was engaged on 7

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11020015/filing-history/MzM2NTI4NjE4N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11020015

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