# W.H.G. Wheeler (Builder) Limited (01342049)

> Why UK company 01342049 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01342049

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01342049/filing-history/MzA1NzY1NzMzNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01342049

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