Fountains Limited (02391409): administration and why it failed

Fountains Limited (02391409): administration

Status: Administration ended
Administration began: 2012-01-23
Administrators: Antony David Nygate, James Joseph Bannon
Administrators' firm: BDO
Formerly: Fountains Limited; Fountains PLC; Fountain Forestry Holdings PLC; Realwood Limited; Erstosh Limited
Incorporated: 1989-06-02
Location: London
Industry: 7415

Why it went into administration

Funding withdrawn / unable to refinance
Cash flow / liquidity pressure
Loss-making contracts / project overruns
Sustained trading losses

From the administrators' statement

The Companies were incorporated on the following dates:

Company Date of incorporation FL 2 June 1989

FEL 19 August 1981

Administrators' statement of proposals (2012-03-21) · Companies House register

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts

Fountains Limited (02391409): administration

Why it went into administration

From the administrators' statement

Processing now

Recently viewed & analysed

Fountains Limited (02391409)