# 109 CR Ltd (12109527)

> Why UK company 12109527 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12109527

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12109527/filing-history/MzM2MzYyNTcxNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12109527

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