Savoy Estates Limited (09374956): administration and why it failed

Savoy Estates Limited (09374956): administration

Status: Administration ended
Administration began: 2025-03-26
Administrators: James Miller, Lee Van Lockwood
Administrators' firm: RSM
Incorporated: 2015-01-06
Location: Stanmore
Industry: 68100 Buying and selling of own real estate

Why it went into administration

Funding withdrawn / unable to refinance
Creditor pressure / legal action
Property / lease costs

From the administrators' statement

Relevant extracts from the company’s financial statements and management accounts are summarised below.

Period ending 31.07.23 31.07.22 Non-Current Assets - 3,763,786 Current Assets 13,809 198,229 Current Liabilities (77,354) (1,468,182) Non-Current Liabilities (33,205) (2,295,604) Net Assets / (Liabilities) (96,750) (82,797)

Administrators' statement of proposals (2025-05-20) · Companies House register

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