# Ukrp (Foxholes) Limited (08591654)

> Why UK company 08591654 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08591654

- **Status:** Administration ended
- **Administration began:** 2020-05-04
- **Administrators' firm:** Kroll
- **Incorporated:** 2013-07-01
- **Location:** Manchester
- **Industry:** 41100 Development of building projects

## Why it went into administration

- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Weather / natural events

## From the administrators' statement

The Company's original business plan was to secure planning consent to replace the existing structures and erect five new houses on the site. .

The Company was restructured in May 2016 to allow three of the original investors, who did not wish to participate in the development of the site after planning permission had been obtained by the Company, to be replaced by two new investors.

The new investors both invested £310,000 each in the share capital of the Company. In addition, they provided an interest free loan of £90,000 to the Company, which was anticipated to be repaid when the development funding that the Company intended to secure for the scheme had been received.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08591654/filing-history/MzI3MjEwNjY0MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08591654

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