# The Hire Corporation Limited (10585717)

> Why UK company 10585717 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10585717

- **Status:** Administration ended
- **Administration began:** 2021-03-25
- **Administrators:** Glyn Mummery, Julie Humphrey
- **Administrators' firm:** FRP Advisory
- **Formerly:** The Hunt Corporation Limited
- **Incorporated:** 2017-01-26
- **Location:** Brentwood
- **Industry:** 43999 Other specialised construction activities n.e.c.

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears

## From the administrators' statement

The Company was formed on 26 January 2017 to capitalise on the director’s previous experience within the construction industry, including the social housing, new build, and refurbishment sectors. The business initially started operations as a subcontractor for a Borough Council, completing ad-hoc private residential and commercial contracts with a value between £5,000 and £200,000 per contract. At this stage, the works were delivered on a supply and fit basis with a mixture of subcontractors and independent contractors supplying the Company.

The Company traded reasonably and progressed steadily throughout its initial years, with any additional funding required being injected by the director.

The Hire Corporation Limited (In Administration) The Administrators’ Proposals

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10585717/filing-history/MzMwMTY5ODE0MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10585717

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