Creditors' voluntary liquidation · 13 October 2021

Minster Developments

Developer · Mansfield · East Midlands

What happened

MINSTER DEVELOPMENTS LIMITED (company number 07515798), incorporated in 2011, entered creditors' voluntary liquidation on 13 October 2021. Its status at Companies House is now: liquidation.

The directors and shareholders decide to close an insolvent company. A liquidator sells its assets and shares the proceeds among creditors.

Previously known as: THE WELLYWASHER CO LIMITED.

Timeline

The last accounts and payment report before the failure, then what happened, with the time between each.

31 December 2019
Last accounts filed were made up to this date
22 months later
13 October 2021
Creditors' voluntary liquidation started (shareholders resolved to wind up)

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Dec 2019: £18.2m; Accounts at Companies House
Profit before tax, year to Dec 2019: £2.1m; Accounts at Companies House
Net assets, year to Dec 2019: £3.6m; Accounts at Companies House
Owed to unsecured creditors (estimated), as at 30 September 2021: £5.6m; of which trade creditors £3.9m. HMRC owed £69k. Expected return to unsecured creditors: none expected; Statement of affairs (liquidation)

The last accounts filed were full accounts made up to 31 December 2019, 21 months before it failed.

The full filing history, including any late filings, charges and director changes, is on Companies House.

Lessons learned report

We're writing plain-English reports on major construction failures: who was involved, why it happened, the warning signs and how long they were visible, and what to look out for next time.

In the news

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