Lida Cucina Ltd. (05605387): administration
- Status
- Administration ended
- Administration began
- 2017-11-13
- Administrators
- Paul Ellison, Gareth Wyn Roberts
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 2005-10-27
- Location
- 1-7 King Street
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- Creditor pressure / legal action
- Loss-making contracts / project overruns
From the administrators' statement
3.1 Due to the creditor pressure on 31 October 2017, the board contacted KRE Corporate Recovery LLP (‘KRE’) in order to seek advice on the Company’s financial position and met with Paul Ellison, a partner of KRE on 1 November 2017. At the meeting the Company's recent trading results and work in progress was reviewed and it was determined that the Company was unable to continue to trade.
3.2. Quanitity Surveyors Acasta Consulting Limited (‘Acasta’), were instructed to review the Company’s book debts, retentions and work in progress and it was determined that two of the Company’s contracts should be finalised in order to assist with 3.3
3.4
Administrators' statement of proposals (2018-01-05) · Companies House register