1ST Land Limited (08653737): administration
- Status
- Administration ended
- Administration began
- 2015-01-02
- Administrators' firm
- Mazars
- Incorporated
- 2013-08-16
- Location
- Birmingham
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 16 August 2013 and was established as a building contractor in order to deliver the redevelopment of the Sixfields Football Stadium and adjoining land (“Sixfields”), which 1s the stadium in which Northampton Town Football Club (“NTFC”) play The redevelopment of Sixfields 1s a joint venture between Northampton Borough Council (“the Council”), NTFC and County Group, having a contract value in the region of £8 2m
Works on the development commenced in April 2014 at which time Buckingham Group Contracting Limited (“the Applicant or Buckingham Group”) was engaged by the Company
On 23rd September 2014, as a result of non-payment of certified sums owed to the Applicant totalling £1 4m, the Applicant issued a letter to the Company confirming its intention to suspend works on the development project
Administrators' statement of proposals (2015-04-22) · Companies House register