# LOK Developments 05 Limited (11824444)

> Why UK company 11824444 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11824444

- **Status:** In administration
- **Administration began:** 2024-10-29
- **Administrators:** Alex David Cadwallader, Nicholas Myers
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 2019-02-13
- **Location:** London
- **Industry:** 41201 Construction of commercial buildings

## Why it went into administration

- HMRC / tax arrears
- COVID-19
- Supply chain disruption
- Pension deficit

## From the administrators' statement

The Company was incorporated on 13 February 2019 with the sole purpose of constructing commercial and domestic buildings. The main asset of the Company is a part complete freehold development located at Prospect House, Hallgate, Hexham, Northumberland NE46 1XG (“the Development’).

The Company purchased the Development in April 2019 for £700,000. The gross development value (“GDV”) is anticipated to be £3.53million.

The build-out of the Development endured significant costs and time overruns, primarily as a result of supply chain issues following the aftermath of Covid-19 and the price spike in materials and goods.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11824444/filing-history/MzQ0ODE5NzM0N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11824444

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