Living River Limited (02962012): administration
- Status
- Administration ended
- Administration began
- 2012-07-09
- Formerly
- Cruising Club of Europe Limited; Industrial Services and Maintenance Limited; Saltgrain Limited
- Incorporated
- 1994-08-24
- Location
- South Ruislip
- Industry
- 99999 Dormant Company
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
The Company bought a river barge a few years ago and converted it into 6 apartments and had it moored on the River Thames near Battersea The apartments on the barges are rented out on Assured Short hold Tenancies
The ownership of the barge was then transferred to Gujo Ltd (‘Guo’), which ts the Company’s parent company, in December 2011 The barge was transferred for £400,000 and Gujo took on all the debts associated with the barge, except VAT The directors had a dispute with HMRC over the VAT hability, hence the liability remained inthe Company There ts currently a loan account between Gujo Ltd and the Company of approximately £192,000 The directors are confident this will be repaid by Guo, following the sale by Gujo of the barge to a third party
HMRC contacted the Company regarding unpaid VAT of approximately £36,000 It was in their power to wind up the Company, but the only asset of the company ts the book debt from Gujo Consequently, the directors of the Company sought the assistance of Pitman Cohen Recoveries Ltd, whereupon it was determined that the Company should enter Administration and Julie Swan and Mark Phillips of this office should be appointed Joint Administrators
Administrators' statement of proposals (2012-09-07) · Companies House register