HE 2011 Limited (04165039): administration
- Status
- Administration ended
- Administration began
- 2011-08-18
- Formerly
- Hargate Equine Limited
- Incorporated
- 2001-02-21
- Location
- Derby
- Industry
- 8042
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The Company, which is a not for profit organisation, is a British Horse Society registered centre, providing livery facilities together with a riding school offering BHS training and NVQ positions to students and was incorporated on 21 February 2001 with Mr & Mrs Smith being appointed directors The Company traded out of leasehold premises at Hargate Fields Farm, Eggington Road, Hilton, Derbyshire DE65 5FJ
Prior to incorporation, Hargate Equestrian, which was initially formed in 1997 as a partnership between husband and wife Mr & Mrs Smith, traded as a small livery business to create a career and a livelihood for their two daughters.
As the equestrian business and its revenue streams were growing steadily, the partners on the advice of their accountant, sought professional advice in respect of a tax planning scheme which indicated that the Company would be zero rated for VAT purposes as riding lessons and training were to be classed under educational services and as a result incorporated the Company in 2001.
Administrators' statement of proposals (2011-09-06) · Companies House register