Chapman & Pleasance Limited (03712003): administration
- Status
- Administration ended
- Administration began
- 2014-03-14
- Incorporated
- 1999-02-11
- Location
- Norwich
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Loss-making contracts / project overruns
From the administrators' statement
The Company was originally a Partnership which traded as building consultants Chapman and Pleasance from Cherry Grove, Wetherup Street, Wetherinsett, Stowmarket, Suffolk, IP14 SQF from 1 November 1992 It was incorporated on 11 February 1999 Its two directors since incorporation have been Mr R Chapman (deceased) and Mr R Pleasance who each held one share
Overall trading over the years has been successful, employing a workforce of 13 including the directors for the most recent years of trading The last filled accounts at 31 October 2012 showed that there were retained profits of £42,708 However those accounts showed that there were overdrawn directors’ loan accounts totaling £244,133
In the lead up to cessation of trading cash flow was becoming increasingly difficult to manage and a number of creditors were taking action against the Company for recovery of their debts
Administrators' statement of proposals (2014-04-28) · Companies House register