# EXF Realisations 2014 Limited (05354810)

> Why UK company 05354810 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05354810

- **Status:** Administration ended
- **Administration began:** 2014-02-07
- **Administrators:** Jonathan James Beard, John Walters
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Exceat Farmhouse Limited
- **Incorporated:** 2005-02-07
- **Location:** East Sussex
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance

## From the administrators' statement

The Company was Incorporated in February 2005 by Mr & Mrs Davey to operate as a tea rooms and bed and breakfast from the leasehold premises at Exceat Farmhouse, Seven Sisters Country Park, Seaford We understand that the Company traded without tssue until early 2013

We are advised that there was a dispute between the Company and the landlord, East Sussex County Council ((ESCC’), over historic utility payments dating back to 2011 The dispute was ultimately resolved and agreement reached for settlement by way of a consent order, although it had a negative impact on the Company's cash-flow

In addition it appears that, historically, the Company had mistakenly not budgeted for payments of PAYE/NIC and VAT, which resulted in arrears of those taxes accumulating from 2010/11 By early 2013 HM Revenue & Customs (‘HMRC’) was seeking to enforce payment of the liability due to it This had a further negative tmpact on the Company's cash-flow

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05354810/filing-history/MzA5Nzg3NzYyNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05354810

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