# Elderworth Properties Limited (04120095)

> Why UK company 04120095 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04120095

- **Status:** Administration ended
- **Administration began:** 2018-06-05
- **Administrators:** Gareth Prince, Joanne Louise Hammond, Gareth David Rusling
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2000-12-06
- **Location:** Sheffield
- **Industry:** 68209 Other letting and operating of own or leased real estate

## Why it went into administration

- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure

## From the administrators' statement

Over recent years, the primary focus of the business has been the research and development of a hydroforming press which operated within Units 2 and 3 Saddlers Court.

The development of this innovative machinery was funded via capital injections from the director personally and a combination of secured loans and development grants from Finance Birmingham (a division of Birmingham City Council).

The funds introduced by Finance Birmingham were paid to TRS and a fixed and floating charge debenture was granted over its assets as security. Elderworth and Elderworth Properties provided cross guarantees in respect of TRS's indebtedness to Finance Birmingham which are also secured by fixed and floating charge debentures,

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04120095/filing-history/MzIxMjQyNjQ2NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04120095

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.