SPA Property Building Contractors Limited (06713140): administration
- Status
- Administration ended
- Administration began
- 2014-03-19
- Formerly
- SPA Decorators Property Care Limited
- Incorporated
- 2008-10-01
- Location
- Droitwich
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
Spa Property Building Contractors Limited (“The Company”) was incorporated by Alan Gandy (AG) and Gary Rogers (GR) on 1° October 2008, the company began trading in June 2009 with Rod Smith (RS), the reason the company formed was as Spa Decorators Limited were asked by various customers and cients if they were able to do additional building works, as RS Smith had extensive knowledge in this area, he was asked to join the company as a Director and shareholder
All three Directors have/had other Limited Companies, AG and GR had experience in running a painting and decorating business, and RS had extensive knowledge on all aspects of building, it was agreed that RS would be the main contact for all building works, AG and GR would assist where necessary, providing contacts, premises and administration faciities There was a known market for building services from Spa Decorators Limited existing Contracts, and this was seen as a diversification /expansion of an existing profitable business
Finance
Administrators' statement of proposals (2014-05-13) · Companies House register