Midland Ceilings Ltd (07305095): administration
- Status
- Administration ended
- Administration began
- 2015-01-28
- Administrators
- Christopher Laughton, Peter John Godfrey-Evans
- Administrators' firm
- Antony Batty
- Incorporated
- 2010-07-06
- Location
- Central Milton Keynes
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Loss-making contracts / project overruns
From the administrators' statement
Mercer & Hole were first approached by the director on the 19 January 2015 when advice was sought on how to deal with the winding up petition served by SIG Trading Limited Initially advice was sought on placing the company into Creditors Voluntary Liquidation
Following a brief review of the Company's financial position and discussion with the director it was clear that urgent action needed to be taken to protect the interests of creditors The key tssues for the Company as identifted by the director were
• Lack of funds available to discharge the debt of £50,274 due SIG Trading Limited, the petitioning creditor, and the threat that another creditor would seek substitution of the petition
Administrators' statement of proposals (2015-04-09) · Companies House register