Inter Europa Limited (11106391): administration
- Status
- Administration ended
- Administration began
- 2024-08-06
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2017-12-11
- Location
- Preston
- Industry
- 80100 Private security activities
Why it went into administration
- HMRC / tax arrears
- Over-expansion / investment not recovered
- Competition / price pressure
From the administrators' statement
Inter Europa Limited was incorporated on 11 December 2017 by Mr Darren Symes, for the purpose of operating manned security services to the commercial sector. Mr Symes later resigned as director in February 2018, with Mr Wayne Taylor, Mr Andrew Raitcliffe and Mr Stuart Cox all being appointed as directors shortly afterwards. Mr Cox resigned as director in July 2024.
The Company's main contract was held with Lidl and operated very successfully over the years. The contract represented the majority of the Company’s turnover. The business continued to grow over the following years with the Company providing services for a number of regional areas by 2023 and employing more staff to handle the rapid growth.
The Company operated an invoice discounting facility (from 9 March 2023) with Cynergy Business Finance Limited to aid cashflow. This facility operated well for the business and achieved the intended purpose.
Administrators' statement of proposals (2024-09-27) · Companies House register