Goldeneye Commercial Limited (09654781): administration
- Status
- Administration ended
- Administration began
- 2018-12-19
- Administrators
- Gregory Andrew Palfrey, Stephen John Adshead
- Administrators' firm
- Evelyn Partners
- Incorporated
- 2015-06-24
- Location
- Southampton
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Creditor pressure / legal action
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Administrators have not received from the sote director a detailed and consistent view of all of the Company’s operating history but the salient facts are detailed below.
The development :
The Company entered into a fixed price JCT Intermediate contract with Total for the construction of the Property in October 2016. Within that contract were a number of provisional sums where planning conditions and other requirements had yet to be clarified.
Administrators' statement of proposals (2019-02-26) · Companies House register