# Blakesley Estates (Hayle CT) Ltd (13891519)

> Why UK company 13891519 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/13891519

- **Status:** In administration
- **Administration began:** 2024-09-10
- **Administrators:** Benjamin John Wiles, Philip Joseph Dakin
- **Administrators' firm:** Kroll
- **Incorporated:** 2022-02-03
- **Location:** London
- **Industry:** 41100 Development of building projects

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

The Company has experienced a number of issues, both financially and practically since its onset, which has resulted in significant overrun on both cost and timing relating to the Development.

The Directors of the Company sought further financial investment for the Development in an attempt to ease cash flow pressures on the Company.

The Secured Creditors throughout this period agreed to provide funding to the Company on several occasions so that the Development could continue as planned. However, the Company’s financial difficulties showed no signs of improving and a lack of progress had been made on the Development considering that significant funding had already been advanced by the Secured Creditors to the Company.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/13891519/filing-history/MzQ0MjM0OTAzNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/13891519

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