# LHY Developments Limited (01017663)

> Why UK company 01017663 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01017663

- **Status:** Administration ended
- **Administration began:** 2017-10-10
- **Administrators:** Andrew Graham Mackenzie, Julian Pitts
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Doortekch Limited; Envirodoor Limited; Envirodoor Markus Limited; Markus Hermetic Doors Limited
- **Incorporated:** 1971-07-14
- **Location:** Hull
- **Industry:** 43999 Other specialised construction activities n.e.c.

## Why it went into administration

- Funding withdrawn / unable to refinance
- Competition / price pressure

## From the administrators' statement

Begbies Traynor (Central) LLP (“Begbies Traynor’) were initially introduced by the Company's bank, Santander UK Plc (“the Lender’), on 25 July 2017 as the Company was considering several refinance options which they had initially hoped would be completed within 3 to 4 weeks. A number of alternative funding options were considered by the Company and subsequently professional advice was obtained in relation to the ongoing financial difficulties facing the Company.

On 14 August 2017, Begbies Traynor was formally instructed by the Lender and the Company to carry out regular verbal updates whilst the Company secured the refinance and to review the following:

. The debtor ledger.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01017663/filing-history/MzE5NzE5Nzk0MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01017663

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.