Hamsard 2363 Limited (04245447): administration
- Status
- In administration
- Administration began
- 2019-07-30
- Administrators
- Richard Paul James Goodwin, Roderick Graham Butcher
- Administrators' firm
- Butcher Woods
- Incorporated
- 2001-07-03
- Location
- Birmingham
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
The Company commenced trading on incorporation providing interior design and fit out services to the construction sector. Trading continued successfully for a period of approximately 14 years which lead to the business of Vogue Showhomes by means of a management buy out from the Vogue Partnership.
The following 2 years saw the fortunes of the Company continue to be in the ascendance as it generated turnover in excess of £3 million. However, the success of the Company began to deteriorate following the departure of a senior sales manager in 2017. Together with the impact of significant changes experienced in the customer base, the Company found itself in need of additional funding.
Administrators' statement of proposals (2019-10-01) · Companies House register