Update - As of the 1st of June 2011 there has still been no formal notice on the London Gazette that says the company has gone into administration. In effect the company has just ceased trading and put up a notice on their website saying it had gone into administration which is not actually the case!
Before we said;
Lothian Helicopters, Scotland’s main helicopter operator, has gone into administration. There is a rather curt message on their website telling people to speak to Pay pal or their credit card company for a refund.
When a company goes into administration the administrator must post a notice on their website. Many do not immediately do so.
The company or administrators have not issued a statement and as such we do not know who the administrators are. The company last filed accounts in December 2009 and it had some £1.1m of assets with £936k of liabilities.