Gould Towers Limited (07242516): administration
- Status
- Administration ended
- Administration began
- 2014-10-21
- Administrators
- Colin Ian Vickers, Christopher David Stevens
- Administrators' firm
- FRP Advisory
- Incorporated
- 2010-05-04
- Location
- Worthing
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Property / lease costs
- HMRC / tax arrears
From the administrators' statement
Clydesdale Bank plc (“the Bank”) hold legal charges over the Company's property as well as a debenture incorporating fixed and floating charges over the assets of the Company. The charges were created on 28 May 2010 and 21 May 2010.
A related Company, Gould Group Projects Limited ("GGPL”), was placed into administration on 22 August 2014 with Christopher David Stevens and Colin Ian Vickers being appointed as administrators.
The security structure in place between the Bank and the Company includes a cross guarantee between GGPL and the Company to cover any shortfall in the Bank's lending to either company.
Administrators' statement of proposals (2014-12-19) · Companies House register