Arcadia Developments Limited (00897025): administration
- Status
- Administration ended
- Administration began
- 2012-01-23
- Administrators
- Jeremiah Anthony O'Sullivan, Jonathan Mark Williams
- Administrators' firm
- Aua Insolvency Risk Services
- Incorporated
- 1967-01-30
- Location
- Exeter
- Industry
- 9271
Why it went into administration
- Property / lease costs
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
Bishop Fleming were introduced to the Company on 11 October 2011
The Company was struggling with cash flow problems and Bishop Fleming were asked to review the Company's trading options, the director's risk of insolvent trading and routes forward
Bishop Fleming monitored the trading of the Company, assisting and reviewing a number of cash flows based on alternative trading options Bishop Fleming were subsequently instructed on 17 November 2011 to assist the Company in drafting a Proposal for a Company Voluntary Arrangement (CVA) to be put to the Company's creditors A fee of £1,666 67 + VAT had been paid in respect of this work
Administrators' statement of proposals (2012-03-21) · Companies House register