Security Protection Group Ltd (11071115): administration and why it failed

Security Protection Group Ltd (11071115): administration

Status: Administration ended
Administration began: 2022-01-14
Administrators: Charles Hamilton Turner, Joanne K Rolls
Administrators' firm: Opus Restructuring
Incorporated: 2017-11-20
Location: Milton Keynes
Industry: 82990 Other business support service activities n.e.c.

Why it went into administration

HMRC / tax arrears
COVID-19
Funding withdrawn / unable to refinance
Creditor pressure / legal action
Parent or group failure
Cash flow / liquidity pressure

From the administrators' statement

3.1

3.2

3.3

Administrators' statement of proposals (2022-01-28) · Companies House register

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Security Protection Group Ltd (11071115): administration

Why it went into administration

From the administrators' statement

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Security Protection Group Ltd (11071115)