# Uttoxeter Properties Limited (02715989)

> Why UK company 02715989 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02715989

- **Status:** Administration ended
- **Administration began:** 2021-02-26
- **Administrators' firm:** DL Partnership (uk)
- **Incorporated:** 1992-05-19
- **Location:** Halifax
- **Industry:** 41100 Development of building projects

## Why it went into administration

- COVID-19
- Cash flow / liquidity pressure

## From the administrators' statement

Following the passing of Mr Charles, Mr Ashby has advised that he sought to reach a consensus on the winding up of the Company’s affairs with representatives of the Estate whether via a disposal of shares or assets. However, on 6 February 2021 the Company received what appeared to be a demand for the immediate repayment of the loan due to the Estate. After accounting for repayments made to date, the Company’s records scheduled a current balance outstanding of £98,889 in respect of this liability.

Draft accounts for the Company’s year ended 30 September 2020 also detailed a balance outstanding of £68,185 to Mr Ashby personally. These accounts further noted a write down in the value of the Company’s freehold property to £100,000 due to the impact of the COVID-19 restrictions on retail and commercial property. As a consequence, the value of the Company’s liabilities exceeded its assets by the sum of £38,874 as at 30 September 2020. 3.11

3.12

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02715989/filing-history/MzI5ODkxODIwMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02715989

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