Founda Limited (06693566): administration
- Status
- Administration ended
- Administration began
- 2022-03-30
- Administrators
- John Anthony Lowe, Yasmin Bhikha
- Administrators' firm
- FRP Advisory
- Incorporated
- 2008-09-10
- Location
- Leicester
- Industry
- 43130 Test drilling and boring
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
Founda Limited, CFounda”) or (‘the Company”) was incorporated in September 2008 however, the business has been trading for 22 years. The currerit management tean had purchased the assets of All Foundations (UK) Limited — in Administraticn C'AFUK”) in 2021.
Since inccrporation the Company has traded as a specialist civil engineering company providing piling and restricted access services. The specialist services include piling disziplines, open site piling, restricted access mini piling and level innovative piled slabs.
The Company trades from leasehold premises at White Lane, Blackwell, Derby
Administrators' statement of proposals (2022-04-14) · Companies House register