Wickham Developments Limited (04166986): administration
- Status
- Administration ended
- Administration began
- 2017-11-27
- Incorporated
- 2001-02-23
- Location
- Wallsend
- Industry
- 68201 Renting and operating of Housing Association real estate
From the administrators' statement
3.1 On 27 November 2017, Rosalind Hilton of Adcroft Hilton Limited was appointed Administrator of the Company following the filing of a Notice of Appointment of Administrators by the Director.
Prior to appointment the company approached Adcroft Hilton Limited for advice as it was clear that the proceeds from the sale of the units was insufficient to meet outstanding creditors and the company had no other prospect of income. Advice was provided on 14 November 2017.
Given that the 50% shareholder was deceased and probate has not yet been granted, it would be difficult to obtain consent to a Creditors Voluntary Liquidation. Therefore, Administration was advised as a means to deal with the company’s financial! status.
Administrators' statement of proposals (2018-01-16) · Companies House register