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Sweet Estate Agency Limited (07465596): administration

Status
Administration ended
Administration began
2015-04-10
Incorporated
2010-12-09
Location
South Kensington
Industry
68310 Real estate agencies

Why it went into administration

From the administrators' statement

The Company was incorporated in December 2010 and immediately commenced to trade as residential estate agents from rented accommodation in Rochester, where the directors were also operating a residential letting agency

The original directors were Richard Duncan Sweet and his wife, Susan Helen Sweet

Trading was not successful due to a deflated property market and the intense local competition that reduced sales commissions In the absence of revenue reserves and the inability of the directors to introduce proprietary capital, the Company relied upon unsecured loans advanced by an associated company, Sweet Lettings Limited, to meet its expenses

Administrators' statement of proposals (2015-06-12) · Companies House register

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Sweet Estate Agency Limited (07465596)

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