# Sustainable Recycling Solutions Limited (04644615)

> Why UK company 04644615 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04644615

- **Status:** Administration ended
- **Administration began:** 2014-12-05
- **Administrators:** Kenneth William Touhey
- **Administrators' firm:** Ken Touhey of Insolvency and Recovery
- **Incorporated:** 2003-01-22
- **Location:** Worthing
- **Industry:** 3720

## From the administrators' statement

31 On or about 31 October 2003, Coldunell loaned the Sweeney Group £3 million, principally to purchase the Trout Lane site In 2004 a further loan of £125 million was advanced = In November 2007 £2 275 million was loaned to purchase the Barking site and £4 million was loaned for the Stantake site

32 Coldunell were granted security by way of debentures and cross-guarantees over the assets of the Sweeney Group and the Director also provided a personal guarantee

33 While many of these companies traded and expanded their operations, it is understood that the Company remained dormant and filed accounts for dormant companies in 2004 and 2005, and small accounts showing total current assets at £29,500 and total current liabilities of £28,500, in 2006 No other accounts have since been filed and no meaningful accounting information is available

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04644615/filing-history/MzA4MzQ5NDc0M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04644615

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.