Enfranchisement & Leasehold Solutions Ltd (04577951): administration
- Status
- Administration ended
- Administration began
- 2013-01-22
- Administrators' firm
- Begbies Traynor
- Formerly
- Enfranchisement Leasehold Solutions Ltd; Enfranchisement Solutions Ltd
- Incorporated
- 2002-10-31
- Location
- Salisbury
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 31 October 2002 and provided a specialist, comprehensive service for lessees to acquire the freehold of their property under legislation introduced in 2002 The greatest part of their work was Collective Enfranchisement which enabled leaseholders within a block of flats to purchase the freehold, plus any intervening leasehold interests
The reasons for the Company's insolvency
The Company began to experience financial difficulties as a consequence of a fall in tumover due to lessees being reluctant to acquire the freehold of their properties and the increasing difficulty of remaining projects which led to a number of disputes with other professionals used in the collective enfranchisement process
Administrators' statement of proposals (2013-03-22) · Companies House register