# Total Site Construction Ltd (06647389)

> Why UK company 06647389 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06647389

- **Status:** Administration ended
- **Administration began:** 2012-02-16
- **Administrators' firm:** RSM
- **Incorporated:** 2008-07-15
- **Location:** Marlow
- **Industry:** 4521

## Why it went into administration

- Competition / price pressure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated tn July 2008 by Andrew Cosias and Bryan Lock, who held shareholdings of 70% and 30% respectively The Company's principle trading activity was to place sub-contracted manual labourers into building projects for a number of construction clients

The Company was initially funded by way of capital investment provided by Bryan Lock totalling £50,000 and it traded from leasehold premises tn the Romford, Essex area The day to day running of the Company was undertaken solely by Andrew Cosias until 2009, when administration staff were hired At the date of the Administration the Company employed 4 members of staff

In August 2008 the Company entered into an invoice discounting agreement with Lloyds TSB Commercral Finance Limited (‘Lloyds’), who took security over the Company by way of an all assets debenture

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06647389/filing-history/MzA1MzI1NzExN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06647389

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