J H Maunders Ltd (03756781): administration
- Status
- Administration ended
- Administration began
- 2016-06-29
- Administrators
- Simon Franklin Plant, Daniel Plant
- Administrators' firm
- SFP Restructuring
- Incorporated
- 1999-04-21
- Location
- London
- Industry
- 43290 Other construction installation
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
From the administrators' statement
Albeit that statutory information is contained in Appendix I, these Proposals provide bref details in relation to the Company's history This history has been compiled following conversations between the Team and the Director, subsequent to the placing of the Company into Administration
The Director previously worked as a sole trader from 1990 to 1999 As a sole trader the Director worked as a contractor for one of Hyde’s offices Due to a restructuring of Hyde, the business steadily won more work from Hyde's various offices until eventually it had secured work from alt the offices, south of London As a result of the additional work foad, the business’ turnover grew to circa £1,250,000 per annum, employing various salaried staff and sub-contractors In light of the position, the Director was advised by his accountant to transfer the sole trader's business to the Company At this stage Mr Maunders took the post as a sole director
Dunng the next several years, Mr Adcock and Mrs Maunders both took positions as directors of the Company
Administrators' statement of proposals (2016-08-16) · Companies House register