# Bradway Construction 2006 Limited (05821379)

> Why UK company 05821379 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05821379

- **Status:** Administration ended
- **Administration began:** 2011-07-22
- **Administrators:** Adrian Graham, Robert Alexander Henry Maxwell, Rob Sadler
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2006-05-18
- **Location:** Leeds
- **Industry:** 4521

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated on 18 May 2006 and was onginally set up as a special purpose vehicle to develop six houses on a site at Kent Road, Sheffield These houses form the pnncipal asset of the Company, and are all at varying stages of completion, with only one fully completed

The Company began to experience financial difficulties as a consequence of the general economic downturn and not betng able to sell the completed four bedroom detached property which has been on the market since March 2010 Pressure on cashflow then began to build and the Company was unable to complete the development

In January 2011, BTG Restructunng Limited, a division within Begbies Traynor Group, was instructed by the Company and the Company's secured lender, Lloyds Banking Group (“the Bank’) to carry out a short term cash flow analysis The findings of this review were reported both to the Company and the Bank accordingly

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05821379/filing-history/MzA0Mzc4NDAzNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05821379

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