FutureComm International LTD, a company owned by Nation 1 MD Andrew Grant, has been forced into liquidation.
According to the company’s status on Company’s House a compulsory liquidation order was placed against FutureComm International on 3 August with its previous accounts listed as overdue, having due to be returned on 3 April.
A court order notice to wind the company up was issued on 12 August.
According to Creditsafe UK, as of March 2009 the company had shareholder funds of -£77,023 with no figure listed for this year. Two outstanding county court judgments are also listed in Glasgow for £4,326 in total.
The company also has two outstanding mortgages with The Royal Bank of Scotland and The West of Scotland Loan Fund.
KPMG has been appointed as administrators.
The Drum understands that both Nation1 Scotland and Nation1 London continue to trade a seperate companies.
At the time of writing The Drum had been unable to contact Andrew Grant to comment.