From the administrators' statement

The Company's trade was to purchase, develop and then selt real estate However, recent trading had incurred a substantial H M Revenue & Customs liability that the Company was unable to pay

The increased pressure from H M Revenue & Customs combined with the outstanding balance due to the Bank meant that on review the Company was unable to pay its debts as and when they fell due and was therefore insolvent

A consideration was then made by the Bank as the Qualified Floating Charge Holder (QFCH), with the assistance of this firm, Eddisons and Eversheds LLP which course of action would be best in these circumstances The only viable options, due to the nature of the business, were an LPA Recervership or an Administration

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts

Processing now

C. & M. Yates (Properties) Limited (01271342)

Export CSV