Passion For Property Ltd (05059508): administration
- Status
- Administration ended
- Administration began
- 2018-11-30
- Administrators
- Gareth Hunt, Tracy M Clowry
- Administrators' firm
- Ams Accountants Medical
- Incorporated
- 2004-03-01
- Location
- Handforth
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
The Company was formed in March 2004 by two Directors. The Company provided managed lettings and serviced lettings. One of the Directors had significant experience in this industry as a lettings negotiator, and the other Director had significant business experience in other areas including hospitality and held a degree in business administration.
The Company started with low overheads and using shareholder funds, operating from the homes of the owners. The Company opened its first office late 2004 in Watergate Street in Chester and took on employees to expand operations.
In 2006, the Company began to flourish and had around three staff members along with the two directors. With the expansion in business the original office was too small and the business moved to 66 Lower Bridge Street to accommodate the additional staff. The Directors continued to be jointly responsible for the direction of the business but with one director taking care of the client facing operations and one looking after back office functions. Financial, employment and operational matters where jointly decided.
Administrators' statement of proposals (2019-01-03) · Companies House register