H & C Limited (02793817): administration
- Status
- Administration ended
- Administration began
- 2011-09-20
- Administrators
- Anthony Harry Hyams, Lloyd Edward Hinton
- Administrators' firm
- Marriotts Recovery
- Incorporated
- 1993-02-25
- Location
- London
- Industry
- 4521
Why it went into administration
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The Company was incorporated on 25 February 1993 by John Hall (“Mr Hall”) and Derek Coates (“Mr Coates”) to carry out business as general builders and civil engineers 'n 2005, Mr Hall reured from the business and was replaced on the Board by Phillip Corbin (“Mr Corbin”)
Inwally, the Company had its banking facilites with Barclays Bank Plc (“Barclays”). In 1995 a decision was taken to move from Barclays to Allied Irish Bank (GB) (“AIB") AIB provided an overdraft of £20,000 as well as a credit card facility and loans to finance the Company's various projects. The amount owing to AIB 1s secured by a mortgage debenture and legal charge dated 21 October 2001 and 17 December 2007, respectively As additional security, AIB also holds unlimited personal guarantees provided by the Company's directors, Mr Hall and Mr Corbin (collectively, “the Directors”)
The Company conducted its business from Mr Hall's residential home as well as renting a small office for which there was no formal arrangement for its occupancy There was no passing rent between the Company and Mr Hall nor was there any formal tenancy arrangement between the parties
Administrators' statement of proposals (2011-11-16) · Companies House register