FTS Merit Limited (13073315): administration
- Status
- Administration ended
- Administration began
- 2024-07-04
- Administrators
- Rebecca Jane Dacre, Kyle Ashford
- Administrators' firm
- Mazars
- Formerly
- Connaught Interior Services Limited
- Incorporated
- 2020-12-09
- Location
- Milton Keynes
- Industry
- 43290 Other construction installation
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
- Weather / natural events
From the administrators' statement
Details provided in this section of our report have been taken from publicly-available information and an account provided by the directors.
The Company was incorporated on 9 December 2020 under the name Connaught Interior Services Limited and traded under this name until 5 April 2022. The Company was set up to carry out office fit-out works alongside a sister company Connaught, under the ownership of Ramm Holdings Limited.
Initially the Company was funded with support from Connaught and its banking facilities and support from the directors. It generated a net profit of £15k in its first period of trading to 30 June 2021.
Administrators' statement of proposals (2024-08-01) · Companies House register