Sontaine Limited (03666759): administration
- Status
- Administration ended
- Administration began
- 2020-02-17
- Incorporated
- 1998-11-12
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Creditor pressure / legal action
- Loss-making contracts / project overruns
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
The Company was incorporated in November 1998 by R. Drummond for the purposes of quantity surveying consultancy. In 2004 there was a change of use to enable the company to act as a subcontractor. R. Drummond is a degree qualified quantity surveyor and had worked in construction since 1989, both in main contracting and subcontracting. The Company operated predominantly as a groundworks subcontractor, for which there is a demand within the construction industry
The Company initially undertook very small sized projects that were funded by the director's personal savings, favourable payment terms with clients & good credit facilities with suppliers.
Administrators' statement of proposals (2020-05-14) · Companies House register