# Drillcut Limited (02827352)

> Why UK company 02827352 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02827352

- **Status:** Administration ended
- **Administration began:** 2013-03-20
- **Administrators:** Peter James Hughes-Holland, Nicholas Simmonds
- **Administrators' firm:** RSM
- **Incorporated:** 1993-06-15
- **Location:** Watford
- **Industry:** 42990 Construction of other civil engineering projects n.e.c.

## Why it went into administration

- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss-making contracts / project overruns
- Sustained trading losses
- Parent or group failure
- Weather / natural events

## From the administrators' statement

Drillcut Limited (“the Company”) was incorporated on 15 June 1993 under registration number 02827352 at Companies House

The principal activity of the company is to provide specialist contractors working in the diamond drilling, sawing and demolition industry

Upon incorporation Mr Philip Richmond Goodfield ("Mr Goodfield") was appointed sole director of the Company The authorised share capital is 1,000 ordinary shares of £1 each of which 500 shares have been issued Mr Goodfield owned 250 shares and Mrs Deborah Goodfield ("Mrs Goodfield”) owned 250 shares

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02827352/filing-history/MzA3ODc1OTA4OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02827352

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