Sub-Site Surveys Limited (05812259): administration
- Status
- Administration ended
- Administration began
- 2013-03-11
- Administrators
- John Malcolm Titley, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2006-05-10
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Bad debts / customer insolvency
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Sub-Site Surveys Ltd was incorporated on 10 May 2006 and commenced trading immediately The Company traded as a specialist in underground surveys and drainage repair and maintenance to both domestic and commercial clients
The Company traded from leasehold premises situated at Unit 15 Silver Court, Intercity Way, Stanningley, Leeds LS13 4LY and was financed by way of a factonng agreement with Bibby Financial Services Limited (“Bibby’}, since February 2009, and also by way of a loan from HSBC, for which the director had provided a personal guarantee
Initially, the Company performed well due to a high level of demand generated from a buoyant construction market and a high number of public sector works throughout West Yorkshire
Administrators' statement of proposals (2013-05-15) · Companies House register