Gould Group Projects Limited (03635726): administration
- Status
- Administration ended
- Administration began
- 2014-08-22
- Administrators
- Colin Ian Vickers, Christopher David Stevens
- Administrators' firm
- FRP Advisory
- Formerly
- Gould Holdings Limited; Gould Contract Services Limited
- Incorporated
- 1998-09-21
- Location
- Brighton
- Industry
- 43290 Other construction installation
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
HM Revenue & Customs (“HMRC”) presented a winding up petition against the Company on 2 July 2014 for a debt of £117,668 which the Company was unable to pay. The hearing for the winding up petition was listed for 1 September 2014.
The Director sought immediate assistance from his accountant and was introduced to an insolvency practitioner for advice on the Company’s financial position and options available to the directors. The advice provided by the insolvency practitioner indicated administration would likely achteve a better result for creditors as a whole than if the Company were would up (without first being in administration). Without intervention, the Company would be placed into compulsory liquidation.
Coffin Mew Solicitors were instructed by the Directors of the Company to deal with the application to place the Company into administration. The application for an administration order was filed at Southampton County Court on 19 August 2014 with Michael Grieshaber of MLG Associates as the proposed administrator.
Administrators' statement of proposals (2014-10-24) · Companies House register