# Newsham Park Developments Limited (09558642)

> Why UK company 09558642 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09558642

- **Status:** Administration ended
- **Administration began:** 2019-11-26
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2015-04-23
- **Location:** Liverpool
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

The following information is based upon details provided by Robert Jenkins (Director) -

Robert Jenkins (Director of the Company) approached Begbies Traynor for advice on his position as the major creditor (unsecured) having provided director's loans to the Company of c. £135,000 in respect of the purchase of an investment property. A dispute between shareholders on how the project should be progressed had meant that the site had remained dormant for around 2 years which has led to ongoing costs for scaffolding and security around the site. As the other shareholder was unwilling to put forward any capital into the project, Robert Jenkins was also unwilling to input any additional funding into the project and believed that the project was not going to progress and felt that his £135,000 was at risk.

On 25 November 2019 Robert Jenkins recorded a Decision of a Sole Director in which it was decided that the Company was insolvent and could not continue and further decided to place the Company into Administration. An application to place the Company into administration and to appoint Jason Greenhalgh and Paul Stanley (the Administrators) was filed into Court on 25 November 2019 and this was sealed by the Court on 26 November 2019.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09558642/filing-history/MzI1NDIwMDMzNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09558642

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