Heritage Demolition Ltd (07014474): administration
- Status
- Administration ended
- Administration began
- 2012-07-17
- Administrators
- Robert David Adamson, Tim Alan Askham
- Administrators' firm
- Mazars
- Incorporated
- 2009-09-09
- Location
- Leeds
- Industry
- 4511
Why it went into administration
- Competition / price pressure
From the administrators' statement
The Company was incorporated in September 2009 and began trading in 2010 in demolition
Towards the end of 2011 an established forward order book was in place and the Company began looking for investments in plant and machinery to enable expansion At the time the Company was hiring the required machinery on an ad hoc basis which was preventing the Company from being competitive within the market
Another company was approached for a cash injection and an agreement was put in place to assist with the acquisition of the required machinery
Administrators' statement of proposals (2012-09-04) · Companies House register