1ST Contractor Accountants Limited (07836136): administration
- Status
- Administration ended
- Administration began
- 2013-05-14
- Administrators
- Dominik Thiel-Czerwinke, Louise Donna Baxter
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-11-04
- Location
- Southend on Sea
- Industry
- 69201 Accounting and auditing activities
From the administrators' statement
The Company was formed in November 2011 by Luke Desmond to provide accounting services Churchill Knight & Associates Limited were 75% shareholder and Luke Desmond was 25% Churchill Knight & Associates provided the Company’s intial funding by way of a loan totalling £108,925 Luke Desmond was the Managing Director Initially the Company was run from the Director's home address until the Company expanded and required an office situated at 26 Bndge Road East, Welwyn Garden City, AL7 1HL and took on addtional staff
Churchill Knight paid approximately £10,000 a month to the Company to assist with funding and cashflow This sum had reduced by March 2013 to approximately £7,000 per month
Luke Desmond ran the Company with very little involvement from Churchill Knight Luke Desmond would have a monthly meeting and provide management accounts with Churchill Knight and then request additional funds when necessary which Churchill Knight would provide
Administrators' statement of proposals (2013-07-15) · Companies House register