# Beaumont Street Limited (10424502)

> Why UK company 10424502 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10424502

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10424502/filing-history/MzIwMzY3OTU2NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10424502

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