Flatbase Limited (02886886): administration
- Status
- Administration ended
- Administration began
- 2014-07-11
- Incorporated
- 1994-01-12
- Location
- London
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
Since tts incorporation, the Company has traded successfully for many years In the twenty year history of the business, it made annual profits in all but three years leaving the Company In a strong and healthy financial position The company always traded well, and tn the tast ten years current assets were always substantially more than current lrabilities.
Over the years the Company's main contracts were with ROC, BMH and eventually Balfour Beatty
The only time the Company borrowed money was when they purchased the freehold property in Wingate Road on a mortgage from Barclays.
Administrators' statement of proposals (2014-09-09) · Companies House register