Waycon Precast Holdings Limited (06703660): administration
- Status
- Administration ended
- Administration began
- 2020-02-13
- Administrators
- Miles Needham, Simon Peter Carvill-Biggs
- Administrators' firm
- FRP Advisory
- Incorporated
- 2008-09-22
- Location
- St Albans
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Company was a holding company, acting as a parent company and landlord to Waycon Precast Limited, which operated as a manufacturer of precast concrete structures.
The Company benefitted from rental income and dividend income from Waycon Precast Limited but did not trade.
The Company’‘s purchase of the land at Rockbeare Quarry, near Exeter was partly funded through a commercial mortgage provided by Lloyds. The Company aiso provided a cross-guarantee to Growth Street for the borrowings of Waycon Precast Limited.
Administrators' statement of proposals (2020-04-22) · Companies House register