Administration · 16 December 2021
High Street GRP
Developer · Newcastle upon Tyne · North East England
What happened
HIGH STREET GRP LIMITED (company number 07831810), incorporated in 2011, entered administration on 16 December 2021. Its status at Companies House is now: liquidation.
Why it failed
Covid stopped sites and made funders postpone projects, triggering a run on loan-note redemptions that depleted cash; a social media campaign and winding-up petitions followed, leading to administration.
- Main reason: Covid-19
- Funding withdrawn
- Cash flow
Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.
An administrator, a licensed insolvency practitioner, takes control of the company to try to rescue it, sell the business or get a better result for creditors than a liquidation.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
31 December 2018
Last accounts filed were made up to this date
3 years later
16 December 2021
Administration started
2 years later
1 May 2024
Winding-up petition presented
3 months later
16 August 2024
Administration ended
16 August 2024
Winding-up order made by the court
AccountsPayment reportInsolvency
Before it failed
Key figures
The last accounts filed were group accounts made up to 31 December 2018, 36 months before it went into administration. Private companies have nine months after their year end to file, so a gap of more than 21 months usually means the next accounts were overdue, one of the warning signs worth checking for.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
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