Swimboard Limited (02622540): administration
- Status
- Administration ended
- Administration began
- 2016-06-13
- Administrators' firm
- Opus Restructuring
- Incorporated
- 1991-06-20
- Location
- London
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Loss-making contracts / project overruns
- Competition / price pressure
From the administrators' statement
| am a Partner of Opus Restructuring LLP (‘Opus’) and | first became involved with Swimboard Limited t/a Miletree Construction (hereinafter referred to as ‘the Company’ or ‘Miletree’) in late December 2015 The extent of my involvement with the Company was to intermittently discuss the financial affairs of the Company and the other Group companies on an informal basis and consider the options available On 2 March 2016, | issued a letter of engagement to accept the appointment as Joint Administrators in order to seek to sell the business and assets of the Company on a going concern basis Owing to time constraints, my investigations have been brief and | have neither prepared detailed accounts nor conducted any audit work or substantive reviews All information in this report has been obtained from the Company's directors and/or professional advisors and documents filed at the Registrar of Companies However, ongoing daily cash-flow requirements were monitored by my firm
The Company was incorporated on 20 June 1991 by Steven Carruthers (‘SC’) The Company commenced trading with immediate effect The Company's former registered office was 61 Colts Holm Road, Old Wolverton, Milton Keynes, Buckinghamshire, MK12 5QD and traded from freehold premises at Colts Holm Road, Old Wolverton, Milton Keynes, MK12 5QD
Miletree was a well-established, privately run, multi-disciplined Milton Keynes based main civil engineering contractor which was founded in 1991 Miletree delivered civil engineering contracts for government agencies, commercial, industria! and private clients and specialise particularly in -
Administrators' statement of proposals (2016-08-16) · Companies House register