AR (Surveyors) Limited (03902566): administration
- Status
- Administration ended
- Administration began
- 2022-12-14
- Administrators' firm
- Mazars
- Formerly
- Aston Rose (West END) Limited
- Incorporated
- 2000-01-05
- Location
- London
- Industry
- 68320 Management of real estate on a fee or contract basis
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Creditor pressure / legal action
- Regulatory change or action
- Loss of key people
From the administrators' statement
Aston Rose was established in 1991 by Tim Richards with James Coulling, Ken Morgan and John Williams joining in 2000 to develop the business into a multidisciplinary chartered surveying team offering a full range of professional services to both property owners and occupiers, with a core focus on commercial surveying and building consultancy. Clients ranged from private individuals to large pension funds with interests in all aspects of commercial and residential property.
The Company's business has been adversely impacted by Covid-19 and the subsequent wider economic factors and consequently it was unable to settle its debts as they fell due.
The Company’s largest creditor is HMRC who were threatening to take enforcement action if a repayment plan could not be reached. Given the level of debt of c.£850,000, it was not possible to reach an agreement that could ensure the viability of the Company.
Administrators' statement of proposals (2023-01-23) · Companies House register