# The Black ANT Company Limited (03400474)

> Why UK company 03400474 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03400474

- **Status:** Administration ended
- **Administration began:** 2012-08-15
- **Administrators:** Simon Robert Thomas, Nicholas H O'Reilly
- **Administrators' firm:** Moorfields
- **Formerly:** Readydogma Limited
- **Incorporated:** 1997-07-08
- **Location:** London
- **Industry:** 7487

## Why it went into administration

- Property / lease costs
- Sustained trading losses

## From the administrators' statement

The following statement detailing the history and background of the Company has been provided by Mr Anthony Thomas, the Director of the Company The Joint Administrators have not verified any of the information provided

The Company was incorporated on 8 July 1997 at Jute House, 1 Valmar Works 1 Camberwell, London, SE5 9NW to integrate development projects being completed by the Director on a sole trader basis, into a corporate vehicle The initial projects were small and relatively simple in nature being generally the refurbishment of existing flats and houses for resale Soon however it was recognised that significant value could be created through planning gain and the first project in Clapham North was purchased with this intention The Company hoped to build on the scheme, however the funding to do so was not forthcoming and so the site was sold Despite a lengthy and protracted process to obtain planning consent from Lambeth, the deal was profitable and this set the strategy for the subsequent years, albeit there was a desire to build the schemes out should the funding and expertise be available to do so

Many of the sites acquired in this early period were in Lambeth, and over the years the Company retained a bias toward this Borough, in recognition of the local knowledge gained by the Director However, with greater experience the Company began operating in other south London Boroughs including Lewisham, Southwark and Wandsworth, again purchasing sites with the opportunity for planning gain

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03400474/filing-history/MzA0NTU3MTQ5MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03400474

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