Administration · 16 September 2022
W.stirland
Main contractor · Chichester · South East England
What happened
W.STIRLAND LIMITED (company number 00486441), incorporated in 1950, entered administration on 16 September 2022. Its status at Companies House is now: administration.
Why it failed
No underlying trading cause is given: a planned sale failed when bidders revised or withdrew offers, cash flow tightened and the parent said it could not keep supporting the company.
- Main reason: Sale or investment failed
- Cash flow
- Group company failed
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 January 2021
Last accounts filed were made up to this date
20 months later
16 September 2022
Administration started
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 16 September 2022
- £3.7m
- of which trade creditors £2.1m. about 249 creditors. HMRC owed £349k. Expected return to unsecured creditors: about 2p in the pound (prescribed part)
- Administrators' proposals
The last accounts filed were full accounts made up to 31 January 2021, 19 months before it went into administration.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
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