Capital Data Management Limited (11224074): administration
- Status
- In administration
- Administration began
- 2021-09-27
- Administrators
- Mark Nicholas Ranson, Joanne K Rolls
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2018-02-26
- Location
- Milton Keynes
- Industry
- 73200 Market research and public opinion polling
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
3.1 On 11 February 2021 Metro Bank wrote to the Company confirming there had been a breach in the requirements of the CBILFS and requesting further information and confirmation to resolve the position.
3.2 On 13 May 2021 additional correspodence was sent formally detailing the email correspondence since the their letter dated 11 February 2021 and requesting the information and confirmation needed again.
3.3 The Company communicated with Metro Bank that it had resolved to appoint a third-party insolvency practitioner to place the Company into Creditors’ Voluntary Liquidation. Metro Bank instead requested the Company appoint Mark Ranson and Jo Rolls of Opus Restructuring LLP (“Opus”). Should the Company be unwilling to do this, then Metro Bank would exercise their rights as a secured creditor of the Company and under their qualifying floating charges, and appoint administrators over the Company.
Administrators' statement of proposals (2021-11-26) · Companies House register