Monarch Security Limited (SC099883): administration
- Status
- Administration ended
- Administration began
- 2011-10-11
- Incorporated
- 1986-07-03
- Location
- Glasgow
- Industry
- 7487
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 3 july 1986 under Company number $C099883, and © commenced trading from Praetorian House, 1157 Tollcross Road, Glasgow, G32 8HB.
The principal activity of the Company was to provide a full range of consultancy and specialist security services to both the public and private sectors. This included mobile and static security with contracts being awarded for the provision of security patrols, keyholder contracts and monitory services.
The Company initially operated from leasehold premises in Glasgow expanding into five other locations throughout Scotland imcluding Aberdeen, Edinburgh and Kilmarnock. Immediately prior to appointment, the Company employed c.160 employees.
Administrators' statement of proposals (2011-12-23) · Companies House register