PLD Services Ltd (07631758): administration
- Status
- Administration ended
- Administration began
- 2019-08-07
- Administrators' firm
- Kallis & Company
- Formerly
- The Buy2Let Shop Ltd; Buy2Letshop Ltd; Home2Investments Limited
- Incorporated
- 2011-05-12
- Location
- Whetstone
- Industry
- 68310 Real estate agencies
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Brexit
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
PLD Services Limited (“the Company”) was originally formed as Home2Investments Ltd by Ms Maria Adams in 2011. The Company was set up as a development company but was effectively dormant. Ms Adams, along with her close contacts who owned a sourcing company, named Property Union Limited (“PU”), had the intention of changing Home2investments to a sales company when they realised they were finding better opportunities in that industry. Ms Adams changed the name to Buy2LetShop Ltd and then almost immediately to The Buy2Let Shop Limited at the end of 2013. The current director, Mr Martin Logan joined the Company in January 2014 and assisted Ms Adams to set the business up as it is today. Ms Adams resigned as director during 2017, leaving Mr Logan as the sole director to run the Company.
The Company specialised in residential buy to let investment, where they found good investment opportunities and then arranged sales to quick committed buyers.
Administrators' statement of proposals (2019-09-02) · Companies House register