# Dudley House (Covent Garden) Ltd (09496586)

> Why UK company 09496586 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09496586

- **Status:** Administration ended
- **Administration began:** 2018-05-01
- **Administrators' firm:** RSM
- **Incorporated:** 2015-03-18
- **Location:** Guildford
- **Industry:** 41202 Construction of domestic buildings

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

The accounts previously filed at Companies showed all costs equal to the closing stock value and therefore the accounts did not show any profit or loss because in effect, the directors were carrying forward all costs until the Company had completed the development and were able to sell the apartments.

Immediately prior to the Administration, the directors were in the process of having management accounts prepared for the period to 31 March 2018 since all but three of the apartments had been sold but these management accounts were not finished due to cash constraints. The accountant has not been paid for work already undertaken in the period to date.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09496586/filing-history/MzIwODYyMDYyNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09496586

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