Blue Chyp Limited (06987102): administration
- Status
- Administration ended
- Administration began
- 2024-09-02
- Administrators
- Miles Needham, Andrew Richard John
- Administrators' firm
- FRP Advisory
- Incorporated
- 2009-08-11
- Location
- St. Albans
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Credit insurance / supplier credit withdrawn
From the administrators' statement
Blue Chyp was incorporated on 11 August 2009. Adam Pressland is the sole director and the 100% shareholder is Group Y Limited. Mr Pressland is the ultimate beneficial owner (sole shareholder of Group Y Limited).
The Company specialised in the manufacture, design and installation of bespoke metalwork, balcony, and balustrade products for large property development projects in and around the London area.
The Company operated from leasehold premises in Ashford, Kent, which included offices and factory/warehouse space. The Company operated under 15-year lease with Pembury Developments Limited, landlord.
Administrators' statement of proposals (2024-09-16) · Companies House register