Mike Stacey Limited (02010750): administration
- Status
- Administration ended
- Administration began
- 2014-04-23
- Administrators' firm
- Moorfields
- Formerly
- Browman Limited
- Incorporated
- 1986-04-16
- Location
- London
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 16 April 1986 as Mike Stacey Limited and traded from its head office in Station Road, Mill Lane, Wiveliscombe, Somerset TA4 2LX The business was first formed in 1967 by Mike Stacey, trading as Stacey Construction
The Company's principal business interest is that of Building Contractors, incorporating specialist divisions in environmental and petroleum forecourt construction
Initial trade was successful and the Company quickly grew in size By the early 1990s, the Company had become a large local employer in the West Somerset area with a staff of approximately 100 people and quickly accumulated sufficient reserves to invest in the Company's infrastructure and asset base Following the purchase of the land at Station Road and the small office building already in situ, the Company constructed a further office block on the same site, commensurate with the growing needs of the Company Alongside this development, the Company invested in a local gun shop, West Country Guns (“WCG’) and purchased an investment property in the centre of Wiveliscombe
Administrators' statement of proposals (2014-06-02) · Companies House register