Legsun Limited (01104592): administration and why it failed

Legsun Limited (01104592): administration

Status: Administration ended
Administration began: 2019-03-15
Administrators: Alistair Gareth Wardell, Philip Stephenson, Matthew Richards
Administrators' firm: Grant Thornton
Incorporated: 1973-03-28
Location: Spinningfields
Industry: 43210 Electrical installation

Why it went into administration

Parent or group failure
Funding withdrawn / unable to refinance
Sustained trading losses
Cash flow / liquidity pressure
Creditor pressure / legal action

From the administrators' statement

« Ashridge - dormant, previously building and civil engineering projects

e — Churchfield — development and sale of residential homes in Haverfordwest

« DL-employment entity

Administrators' statement of proposals (2019-05-17) · Companies House register

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Legsun Limited (01104592): administration

Why it went into administration

From the administrators' statement

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Legsun Limited (01104592)