# High Tech Design & Build Ltd (03573568)

> Why UK company 03573568 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03573568

- **Status:** Administration ended
- **Administration began:** 2013-05-09
- **Administrators:** Alisdair James Findlay
- **Administrators' firm:** J Findlay of Findlay James (Insolvency Practitioners)
- **Formerly:** High Tech Fabric Maintenance Limited; High-Tech Period Property Refurbishment Specialistslimited; High-Tech Property Developments Limited
- **Incorporated:** 1998-05-27
- **Location:** Cheltenham
- **Industry:** 43390 Other building completion and finishing

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated on 27 May 1998 under registration number 03573568 and was controlled and ran the Director(s)

The Company primarily sourced plots of land which had a likelihood of obtaining planning permission, with a view to building commercial and residential properties on the land plots The Company traded successfully up until 2011, evidenced by the Company's financial statements for the period ending 31 May 2011 which shows the Company having made a profit of £60,117 00 for the period

Due to the economic downturn, the Company experienced a drop in turnover in 2012 as newly build properties were becoming increasingly difficult to sell It is well documented that financial institutions were reducing levels of funding to enable parties to purchase properties. This ultimately caused cashflow problems for the Company

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03573568/filing-history/MzA4MDk3MzgwM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03573568

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