# LC UK Developments Ltd (13475339)

> Why UK company 13475339 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/13475339

- **Status:** Administration ended
- **Administration began:** 2024-08-01
- **Administrators:** Nicholas Parsk
- **Administrators' firm:** Quantuma
- **Incorporated:** 2021-06-24
- **Location:** Slough
- **Industry:** 41202 Construction of domestic buildings

## Why it went into administration

- Loss-making contracts / project overruns
- Property / lease costs

## From the administrators' statement

3.1 Director, Mr Andrew Lynds, had a business partner who left the Company at the start of 2024. This had a detrimental impact. In the summer of 2024, Mr Lynds became concerned that the Company was running low of cash and that the prospects for future work had slowed down. Further, the Company was in dispute with a ‘difficult client’ which was causing him stress and the Company further cashflow issues.

3.2 On 8 July 2024, the Director was taken to hospital where he remains in a critical condition, today. Shortly prior to this, Mr Lynds had already approached Insolvency Practitioners from Oury Clark to provide initial advice regarding the options for the Company as he was concerned about the solvency of the business.

3.3 Mr Lynds wife approached Oury Clark for advice regarding the options available when Mr Lynds was in hospital as the Company was without any

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/13475339/filing-history/MzQzNjUzNDE3NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/13475339

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