BSL Built Solutions Limited (05430062): administration
- Status
- Administration ended
- Administration began
- 2015-07-16
- Administrators
- Geoffrey Wayne Bouchier, Benjamin John Wiles
- Administrators' firm
- Kroll
- Formerly
- Built Solutions Limited
- Incorporated
- 2005-04-20
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss-making contracts / project overruns
- Parent or group failure
From the administrators' statement
It is understood that, based upon information obtained to date, the Companies ceased trading around two weeks pnior to the Joint Administrators’ appointment over BSL Built Solutions Limited, and all work on each of the construction sites had ceased, with all plant and machinery being removed
It ts understood that as a result of the financial position of the Companies, the Director had sought insolvency advice in the days leading up to the appointment of the Joint Administrators and tntended to appoint representatives of Empirical Insolvency LLP as Liquidators, at the recommendation of the external accountants for the Companies At around this time and without any notice to affected parties, the Director became uncontactable and his current whereabouts Is stilt unknown
The external accountants for the Companies advised that the Companies’ accounts were only updated to 31 March 2015 and were therefore unreliable A member of the accounts team at the Companies also advised that the Compantes were in the process of changing the financial year end from October 2014 to March 2015
Administrators' statement of proposals (2015-09-17) · Companies House register