109 CR Ltd (12109527): administration
- Status
- Administration ended
- Administration began
- 2022-11-07
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2019-07-17
- Location
- Fareham
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The company was incorporated on 17" July 2019 and was set up to undertake the building work on a plot of land at 109 Commercial Road, Parkstone. This work was completed successfully.
The director of the company had purchased a plot at Heather View Road in 2017 via another company in which he was involved. The director considered the site had a significant opportunity to generate profit for the company and the plot was subsequently transferred into 109 CR Ltd in February 2020, with a view to developing the site itself.
The site at Heather View Road was quite complex and labour intensive as it is on a significant slope. The director was confident, that with his experience in the building industry, the problems could be overcome, and the site could be built out.
Administrators' statement of proposals (2023-01-05) · Companies House register