W.H.G. Wheeler (Builder) Limited (01342049): administration
- Status
- Administration ended
- Administration began
- 2012-03-22
- Administrators' firm
- Axiom Recovery
- Incorporated
- 1977-12-02
- Location
- London
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
The directors attributed the Company's failure to a delay in the debtor ledger recovery resulting ina cash flow deficit
The directors sought the advice of Axiom Recovery LLP and from the information given, It was evident that the Company was insolvent on a cash flow basis, pursuant to $123 of the Insolvency Act 1986, as it was unable to pay its debts as and when they fell due The Company's indebtedness to HMRC amounts to approximately £116,000 The directors were advised that immediate steps should be taken to place the Company into administration
Notice of intention to appoint an administrator was filed in court on 22 March 2012 and following a hearing on the same date, the Joint Administrators were appointed
Administrators' statement of proposals (2012-05-17) · Companies House register