Administration of Stewart Fraser - Resolve Group UK

Administration of Stewart Fraser

Resolve Group UK

Stewart Fraser Administration

Ben Woodthorpe, Simon Harris and Mark Supperstone of ReSolve Partners Limited have recently been appointed joint administrators of Stewart Fraser Limited.

It was determined that the Company would not be able to trade owing to its financial position.

'The company operated from freehold premises in Ashford, Kent and has an excellent reputation in the industry, however working capital constraints resulting from disputes on a small number of projects led the business into a cycle of cashflow difficulties to the extent that it was unable to pay its debts as they fell due. Our current focus is trying to maximise recoveries for creditors.'

Ben Woodthorpe, Partner, ReSolve

Specialist agents have been instructed to assist with the disposal of the company’s intellectual property, freehold property, plant and machinery and debtors.

Please contact ReSolve on 020 7702 9775 with any questions regarding the administration, and Lambert Smith Hampton on 020 7100 5520 if you have an interest in the available sites.

Ben Woodthorpe, Simon Harris and Mark Supperstone are managing the affairs, business and property as the company’s agents and without personal liability. Both are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales and are bound by the insolvency code of ethics which can be found at www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.

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