Rudgard Limited (02014302): administration
- Status
- Administration ended
- Administration began
- 2016-06-06
- Administrators
- Andrew Richard Bailey, Martin Charles Armstrong
- Administrators' firm
- La Business Recovery
- Formerly
- Charles Rudgard Limited; Charles Michael Limited; Charles Michael Properties Limited
- Incorporated
- 1986-04-25
- Location
- West Byfleet
- Industry
- 41100 Development of building projects
Why it went into administration
- Cash flow / liquidity pressure
- Loss-making contracts / project overruns
From the administrators' statement
Levy. In summary, the Company encountered cash flow difficulties and contract disputes which resulted in the Company’s inability to continue trading.
Overview of Financial Information
Summary balance sheets for the 12 months to 31 August 2014 and, 12 months to 31 August 2015 are shown below.
Administrators' statement of proposals (2017-11-01) · Companies House register