Universal Highways Limited (07323303): administration
- Status
- Administration ended
- Administration began
- 2016-11-09
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-07-22
- Location
- Sheffield
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Management failings / irregularities
From the administrators' statement
The Company was incorporated on 22 July 2010 and commenced trade immediately thereafter from the leasehoid premises at Yard 1, Downland Business Park, Manby Louth, LN14 8UX The Company's principal activity was to provide road and floor preparation, paint and markings to chents on a national basis The Company provided services in vaned arenas, from the markings in mult-storey car parks through to safety markings in warehouses and office blocks Such works were carried out on a job by job basis and as such, no formal contracts were in place between the Company and its customers
At the date of incorporation there were three directors listed at Companies House namely, Darren Phiilips, Cart Leonard (resigned 10 March 2071) and Jonathon Round (resigned 22 July 2010) Alan Phillips is recorded as being appointed a director on 31 July 2011 Alan and Darren Phillips are the only current directors and shareholders of the Company, each holding 50% of issued shares
Alan Phillips was a director and Darren Phillips a secretary of a previous, similarly named company, Universal Highways 2003 Limited (“UH2003"}) UH2003 entered into a Campany Voluntary Arrangement (“CVA”) in March 2007 which subsequently failed, resuiting in UH2003 being placed into Administration UH2003 subsequently exited Administration at the conciusion of the Administration term where it was then placed into Creditors Voluntary Liquidation (“CVL”) in December 2013 As a result of UH2003 entering into Liquidation, the Company purchased the assets of UH2003 on a deferred consideration basis
Administrators' statement of proposals (2016-12-06) · Companies House register