Spinelock UK Limited (08219660): administration
- Status
- Administration ended
- Administration began
- 2014-01-28
- Administrators
- Richard Albert Brock Saville, Peter Andrew Blair
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2012-09-18
- Location
- Milton
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
From the administrators' statement
APPOINTMENT
The company was initially formed to provide eca-housing at affordable prices The Company has been funded since the date of incorporation mainly from private investors totalling £1 1m The investment monies have been utilised for the daily operation of the business
As part of the Company's strategy, the Company agreed to purchase a piece of land in Mansfield from Mansfield District Council on a deferred purchase basis for a total consideration of £150,000 To date, only groundworks have been undertaken on this site
Administrators' statement of proposals (2014-03-28) · Companies House register