Watermills Limited (05610179): administration
- Status
- Administration ended
- Administration began
- 2014-02-28
- Administrators' firm
- Quantuma
- Incorporated
- 2005-11-02
- Location
- Town Quay
- Industry
- 36000 Water collection, treatment and supply
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was incorporated in November 2005, the directors are Adrian Mills and Pauline Mills. Adrian Mills is atso a shareholder of the Company holding 510 ordinary shares Pauline Mills who is also the Company Secretary holds, 490 ordinary shares The remaining shareholders are Robert Hewitt who holds 150 ordinary shares and Stuart Mills who holds 30,000 preference shares.
The Company traded from leased premises at Longcross Studios in Chertsey, Surrey. Within two years of trading, additional storage was required and the Company rented further storage space locally On successfully winning the tender for the London Olympic Games in 2011, the Company required additional storage, and secured the lease for the other half of the building at Longcross Studios, at a cost of £70,000 per annum bringing the total rent to £150,000 per annum
The Company was formed to provide potable (safe drinking) water supply services to events, sites emergencies and water outages.
Administrators' statement of proposals (2014-04-23) · Companies House register