Miletrian passed from initial administrative receiver BDO Stoy Hayward into the hands of Tenon late last year. In a letter to creditors in November, Tenon said it was undertaking investigations into:
- The conduct of the officers of the company
- The reduction of its bank facility in 2002
- A cash injection made Michael Dawes, the former Miletrian chief executive in 2002;
- The marketing and sale of Cibenze Services (the office cleaning arm of Miletrian) by BDO Stoy Hayward to assess whether the true market value was gained.
Tenon administrator Alex Meares said it was responding to creditors' concerns.
There was nothing untoward in the closure of the business
Michael Dawes, former chief of Miletrian