# Sweet Estate Agency Limited (07465596)

> Why UK company 07465596 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07465596

- **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

- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure

## 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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07465596/filing-history/MzEyNTA1MTE3MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07465596

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.