Vital Building Services Limited (07070509): administration
- Status
- Administration ended
- Administration began
- 2018-05-02
- Incorporated
- 2009-11-09
- Location
- London
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss-making contracts / project overruns
From the administrators' statement
Vital Building Services Limited (“the Company”) was incorporated on 9 November 2009 by its founding shareholder and sole director, Mr Shaban Vitia. The intention behind starting up the business was mainly to provide services to homeowners looking to extend or refurbish their properties.
The Company benefited from the Director’s experience prior to incorporation. Many of its clients were high net worth.
As the volume of the business increased the Company started facing cash flow difficulties to meet the needs of a growing and demanding business.
Administrators' statement of proposals (2018-07-09) · Companies House register