Clugston Estates Limited (00246469): administration
- Status
- Administration ended
- Administration began
- 2020-01-30
- Administrators
- Christopher Robert Pole, James Richard Clark
- Administrators' firm
- KPMG
- Formerly
- Hydroprest Concrete,Limited
- Incorporated
- 1930-03-12
- Location
- Leeds
- Industry
- 70100 Activities of head offices
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Parent or group failure
- Cash flow / liquidity pressure
From the administrators' statement
As described above CEL is a holding company within a group of companies that share the ‘Clugston’ brand (the Group).
CEL has no employees, with the purpose being to hold a 50% share in a property development JV called Barmston Developments Limited (BDL). The insolvency of CEL was caused by contamination with the rest of the Group, mainly the failure of CCL due to cash flow pressures.
CEL’s registered office is in Scunthorpe, three members of staff employed by CGL carried out services for CEL and operated from a rented office space in Leeds. The Company was incorporated on 12 March 1930 and has two current directors, lan Pattison and David Clugston (‘the Directors’).
Administrators' statement of proposals (2020-02-17) · Companies House register