Leci Construction Ltd (07215762): administration
- Status
- Administration ended
- Administration began
- 2023-02-10
- Incorporated
- 2010-04-07
- Location
- Matlock
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
Considering the Company's financial position, the Director sought the advice of Recovery & Turnaround Limited ta BCIA on 9 November 2022. BCIA conducted a review of the business and advised the Director in respect of the ongoing correspondence with HMRC, particularly in respect of the hard line it was taking in respect of giving the Company time to repay its debt.
Prior to the commencement of the Administration, Seneca IP Limited acted as advisors to the Board as a whole acting on behaif of the Company. No advice was given to the individual directors regarding the impact of the insolvency of the Company on their personal financial affairs. Whilst not formally in office at that time, Seneca IP Limited was still required to act in its dealings with the Company in accordance with the Insolvency Code of Ethics.
Given HMRC’s position that the debt needed to be repaid within 12 months, which the Company was not in a position to agree to, BCIA referred the Company to me and | was introduced on 21 December 2022. Following this referral, | considered the Company's financial position and the pressure it appeared to be under from HMRC, although the Company had not yet received notice of the Winding Up Petition, which was not served on the Company until 11 January 2023.
Administrators' statement of proposals (2023-03-25) · Companies House register