Beaumont Street Limited (10424502): administration
- Status
- Administration ended
- Administration began
- 2018-02-23
- Administrators
- Arron Simon Kendall, Milan Vuceljic
- Administrators' firm
- Moorfields
- Incorporated
- 2016-10-13
- Location
- London
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Management failings / irregularities
- Regulatory change or action
From the administrators' statement
• Moneything provided a loan facility to the Company in order to fund the construction costs of the Development.
• In Q4 of 2017, the Company began to suffer from cashflow problems which meant that construction work slowed significantly.
e nan attempt to alleviate the cash flow problems, the Company sought additional debt finance and secured a loan of £185k from TFG Capital Limited.
Administrators' statement of proposals (2018-04-27) · Companies House register