# Groundpoint Limited (04872109)

> Why UK company 04872109 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04872109

- **Status:** Administration ended
- **Administration began:** 2011-11-14
- **Incorporated:** 2003-08-20
- **Location:** Southampton
- **Industry:** 4521

## Why it went into administration

- Bad debts / customer insolvency
- Creditor pressure / legal action

## From the administrators' statement

The company was incorporated on 20 August 2003 and carried out ground work and civil engineering work, much of which was for large construction companies

The Company has recently suffered a number of bad debts including one to ROK In addition to this, some customers had been withholding payment once a job had been completed knowing that the Company did not have the resources to take any legal action

The directors were of the opinion that as a result of bad debts the financial pressures on the Company would increase in the foreseeable future

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04872109/filing-history/MzA0ODI4OTA1MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04872109

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