C P Group Limited (03592959): administration
- Status
- Administration ended
- Administration began
- 2013-04-24
- Administrators' firm
- Begbies Traynor
- Formerly
- Aquasand Limited
- Incorporated
- 1998-07-06
- Location
- Leeds
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 6 July 1998 for the purpose of acquiring land and property for development
The Company began to experience financial difficulties as a consequence of the general economic downturn and was unable to complete part of the development site at Bradford Road, Bathff Bridge and subsequently trading halted The Company’s directors approached Begbies Traynor (Central) LLP in order to provide the Company with advice as tt was unable to meet its liabilites as and when they fell due One of the Company's director, Mr Wilkam Law, was funding on-going expenses from his own resources
It was apparent that the Company would not sumve in its current form as employees had not been paid and these costs were being met by Mr Law personally In addition, the quarterly rental payment in respect of the Company's trading premises became due and payable however the Company was unable to meet this hability and consequently the landlord threatened legal proceedings The Company was generating no income and pressure from other trade creditors was also being applied
Administrators' statement of proposals (2013-06-19) · Companies House register