# Savoy Projects LLP (OC403425)

> Why UK company OC403425 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/OC403425

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/OC403425/filing-history/MzQ2NjE1MTUyN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/OC403425

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