Spithead Business Centre Limited (04427791): administration
- Status
- Administration ended
- Administration began
- 2019-06-25
- Administrators
- Richard Patrick Brewer, Matthew Richard Meadley Wild
- Administrators' firm
- RSM
- Formerly
- Blakedew 348 Limited
- Incorporated
- 2002-04-30
- Location
- Eastleigh
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Rising costs / inflation
- Energy costs
- Property / lease costs
From the administrators' statement
The Company was incorporated on 30 April 2002 in order to acquire a business centre known as Spithead Business Centre, Newport Road, Sandown, Isle of Wight PO36 9PH
The Company's shareholders are The Barnstaple Estate Limited (50%) and Louis Smith Properties (Southsea) Limited (50%) William Smith, the Company's director, is the sole shareholder of The Barnstaple Estate Limited (“TBE”) Willam Smith also holds 19% of the ordinary shares of Louis Smith Properties (Southsea) Limited
The Company operates as a business centre on the Isle of Wight and has approximately 50 units which it rents to a diverse range of industrial and commercial tenants Its turnover is derived from rental income, service charges and recharged utility costs
Administrators' statement of proposals (2013-04-26) · Companies House register