S B L Carston Limited (03703099): administration
- Status
- Administration ended
- Administration began
- 2021-10-08
- Administrators' firm
- Quantuma
- Formerly
- Goldsmith Business Sales Limited
- Incorporated
- 1999-01-28
- Location
- London
- Industry
- 69201 Accounting and auditing activities
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1 Given its inability to raise external funding to pay the part 36 settlement of £2.65m to the Liquidators of Dormco the Company’s directors were concerned that upon the expiration of the payment deadline, Dormco would have been entitled to seek judgment in respect of the settlement offer and present a winding up petition or notify the Company as to its intention to present a winding up petition. Accordingly, the directors sought professional advice as to the options available to them to preserve value in the Company’s business and assets given that the Compnay was going to be unable to pay its debt to Dormco when it feli due on 8 October 2021.
3.2
3.3
Administrators' statement of proposals (2021-11-24) · Companies House register