Mercer Projects Limited (10788331): administration
- Status
- Administration ended
- Administration began
- 2019-05-14
- Administrators
- Andrew Poxon, Katy Mcandrew
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2017-05-25
- Location
- Manchester
- Industry
- 43290 Other construction installation
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 25 May 2017 and commenced to trade in July 2017, following the purchase of assets from the Administrations of two connected companies, D Mercer & Sons Limited (“DMS”) and Mercer Brothers Limited (“MBL”), which were connected by the common directorships and shareholdings of Mr & Mrs Mercer.
The principal trading activity of the Company was a building contractor and plasterer. The funds utilised to make the initial payments for the purchase the assets of DMS and MBL were introduced by
Mr & Mrs Mercer. The Company was also funded through an Invoice Discount Facility provided by Bibby, whom were granted a Fixed and Floating Charge over the Company's assets as security.
Administrators' statement of proposals (2019-09-30) · Companies House register