Harewood Associates Limited (07467243): administration
- Status
- Administration ended
- Administration began
- 2019-05-31
- Administrators' firm
- Begbies Traynor
- Formerly
- Harewood Associates (UK) Limited; Clarity Investment Partners Limited; Harewood Investment Partners Ltd
- Incorporated
- 2010-12-13
- Location
- Manchester
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
Peter Kiely, Director of the Company, approached Begbies Traynor (Central) LLP on Wednesday 22™ May 2019. it was explained that the Company was under financial pressure due to the inability to pay interest and repay amounts due to creditors relating to investments and fixed term bonds. A number of creditors had commenced proceedings against the Company and had obtained County Court Judgements.
On Friday 31° May 2019, the Board resolved that the Company was insolvent and could not continue. It was further resolved to place the Company into Administration and Dean Watson and Paul Stanley (‘the Administrators’) were appointed on the same day.
The Administrators had no prior relationship with the Directors of the Company.
Administrators' statement of proposals (2019-08-27) · Companies House register