Starkold Building Services Limited (03975271): administration
- Status
- In administration
- Administration began
- 2021-11-11
- Administrators
- Sean Williams, Allan David Kelly
- Administrators' firm
- FRP Advisory
- Formerly
- Starkold Morris Building Services Limited
- Incorporated
- 2000-04-18
- Location
- Leeds
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
From the administrators' statement
Following the completion of the pre-packaged sale of the Company's business and assets, the Joint Administrators sent a letter to creditors on 18 November 2021 to provide further information on the sale pursuant to the requirements of the Statement of Insolvency Practice (“SIP"} 16. The timing of the circulation of the SIP 16 report fo creditors was dictated by the availability of the Joint Administrators’ and agents during the preparation of the report. A copy of the information provided is attached at Appendix J of this report. These Proposals were
not sent with the SIP 16 report as there were certain matters we considered impacted on the outcome for creditors, being the inter-company / connected company debts and the position regarding a potential VAT refund. As will be seen from this report we have resolved some of these issues but not them all, in particular the VAT position which has a significant impact on the final position for creditors and therefore these Proposals, Further explanation is given in the relevant sections and appendices.
3.2 The Joint Administrators would like to draw your attention to section 4 of this report which provides background information regarding the Company and events leading up to the Joint Administrators’ appointment, 4 RECENT TRADING RESULTS AND CURRENT FINANCIAL POSITION
Administrators' statement of proposals (2022-01-10) · Companies House register