Savoy Projects LLP (OC403425): administration and why it failed

Savoy Projects LLP (OC403425): administration

Status: Administration ended
Administration began: 2025-03-20
Administrators: James Miller, Lee Van Lockwood
Administrators' firm: RSM
Incorporated: 2015-12-14
Location: Stanmore

Why it went into administration

Funding withdrawn / unable to refinance
Property / lease costs
Creditor pressure / legal action

From the administrators' statement

Relevant extracts from the company’s financial statements are summarised below:

Period ending 31 March 2024 | 31 March 2023 31 March 2022 Current Assets 18,469,888 15,116,244 11,315,072 Current Liabilities (6,701,364) (6,137,489) (3,597,000) Net Current Assets 11,768,524 8,978,755 7,718,072 Non-Current (10,516,088) (8,398,426) (3,680,348) Liabilities

Net assets 1,252,436 580,329 4,037,724

Administrators' statement of proposals (2025-05-20) · Companies House register

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts