Radbourne Construction Ltd (08936999): administration
- Status
- In administration
- Administration began
- 2024-03-28
- Administrators
- Arabella Ranby-Gorwood, Charles Howard Ranby-Gorwood
- Administrators' firm
- Arabella Ranby-Gorwood of CRG Financial Recovery
- Incorporated
- 2014-03-13
- Location
- Grimsby
- Industry
- 41202 Construction of domestic buildings
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.
One Stop Business Finance Limited (“One Stop”) and their solicitors made formal demand on the Company for their outstanding indebtedness, and as repayment was not received, the Administrators were appointed. There had also been significant time periods when One Stop had discussions with the Company and its Board, but seemingly matters did not get resolved. There was some discussion with CRG before appointment, with the Board and certain creditors, but again there was no overall agreement reached. Indeed one creditor did appoint an LPA Receiver, but they were asked to kindly stand down after the Administrators were appointed, but no resignation has been filed Companies House as yet.
Prior to the commencement of the Administration CRG Insolvency & Financial Recovery did not act as advisors to the Board. Advice was not given to the Director regarding the impact of the insolvency of the Company on his personal financial affairs. While not formally in office at that time, CRG Insolvency & Financial Recovery were still required to act in its dealings with the Company in accordance with the Insolvency Code of Ethics.
Administrators' statement of proposals (2024-05-26) · Companies House register