Gold Crest Trading Limited (07296830): administration
- Status
- Administration ended
- Administration began
- 2025-04-29
- Administrators
- James William Stares, Jeffrey Mark Brenner
- Administrators' firm
- Antony Batty
- Formerly
- Goldcrest Surveyors Limited
- Incorporated
- 2010-06-28
- Location
- London
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Property / lease costs
- Rising interest rates
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Joint Administrator.
Gold Crest Trading Ltd has been operational for 13 years. Gold Crest Surveyors & LogicBarn are the Company’s current brand names. Gold Crest Surveyors is a General Practice Surveying firm, carrying out mainly private Surveys and Valuations for residential property buyers.
The Company’s financial challenges begun with increases in interest rates in October 2022. Prior to October 2022, the Company received around 1,100 jobs per month, and this quickly reduced to around 600 jobs, when interest rates began to rise. This unfortunately left the Company with a significant cash flow problem and subsequently a large outstanding tax liability.
Administrators' statement of proposals (2025-05-20) · Companies House register