# Holystone Contracts Limited (03616105)

> Why UK company 03616105 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03616105

- **Status:** Administration ended
- **Administration began:** 2013-10-04
- **Administrators:** Steven Phillip Ross, Allan David Kelly
- **Administrators' firm:** Baker Tilly Corporate Finance
- **Incorporated:** 1998-08-14
- **Location:** Newcastle upon Tyne
- **Industry:** 42110 Construction of roads and motorways

## Why it went into administration

- Creditor pressure / legal action

## From the administrators' statement

As you are aware Holystone Contracts Limited was part of a group of Companies (“The Group”) The group had faced a number of challenges from the prevaiting economic climate and specific challenges within its core business activities The core activities were split into three operating companies, Holystone Contracts Limited (“Contracts”), Holystone Demolition Limited and Holystone Limited

Contracts had effectively been dormant durtng 2011 and 2012 The day to day business of groundworks has been absorbed into Holystone Limited

The group undertook a complete restructure to return its core activities to profitability However time delays in implementing the strategy were beyond the control of management and resulted in a challenging cash flow position that could not be resolved within the group’s banking facility

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03616105/filing-history/MzA5MDc4ODI1MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03616105

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