Silver Stop Limited (03209454): administration
- Status
- Administration ended
- Administration began
- 2015-04-28
- Incorporated
- 1996-06-07
- Location
- Woodford Green
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- HMRC / tax arrears
- Property / lease costs
From the administrators' statement
51 The company was incorporated on 7 June 1996 and was a trading company unt! 2007 More recently, it has been trading as property investment company Mr Jatinder Iqbal Singh Bansal was appointed its director on 7 June 1996 Mr Sunil Syal was also appointed director on 7 June 1996 but resigned on 1 September 2008 when he sold his shares to Jatinder Bansal He was re-appointed on 6 January 2012 when he bought the shares back
The four properties were acquired over a period of time financed by loan capital from National Westminster Bank plc, Lloyds Bank pic and CHL Loan and company’s own financial resources
All four properties were let on and off generating good income for the company which ts evident from the accumulated reserves of £ 907,206 as at 31 December 2014 Enclosed please see a summary of annual accounts for the year ended 31 December 2013, draft accounts for the year ended 31 December 2014, together with the management accounts for the period 1 January 2015 to 31 March 2015
Administrators' statement of proposals (2015-07-13) · Companies House register