# Home County Developments Limited (09044985)

> Why UK company 09044985 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09044985

- **Status:** Administration ended
- **Administration began:** 2017-11-07
- **Administrators' firm:** Opus Restructuring
- **Incorporated:** 2014-05-16
- **Location:** Milton Keynes
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- Creditor pressure / legal action
- Cash flow / liquidity pressure

## From the administrators' statement

3.1 The Company had exhausted its available cash resources and its cash constraints were impacting on its ability to continue defending the litigation and achieving a sale of the property, A Court hearing relating to the litigation was due to be heard on 8th November 2017.

3.2 Opus Restructuring LLP were approached on 27 October 2017 to advise the Company on the options available. The possibility of placing the Company into Liquidation was considered however it was decided that this was not the best course of action to take, given the imminent property sale and Court hearing, as under the liquidation process it would take at least a week to effect the appointment of Joint Liquidators.

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Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09044985/filing-history/MzE5NDgzMTcxMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09044985

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