# Mike Stacey Limited (02010750)

> Why UK company 02010750 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02010750

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02010750/filing-history/MzEwMTEyMzgxNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02010750

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