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Thread: Builder gone bust

  1. #1
    Elite (Bronze) kenniff's Avatar
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    Aug 2003
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    oxford
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    Default Builder gone bust

    A local limited builder has gone bust.
    How come it says in companies house they are still solvent.
    Easy Life

  2. #2
    Site Regular Jackal1's Avatar
    Join Date
    Oct 2005
    Location
    Fleet, Hampshire
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    Default

    Without being pedantic, what do you mean by being bust and who says it is bust? Unfortunately being bust can mean lots of different things both informally and legally.

    Companies House will be updated once a formal insolvency practitioner has been appointed by the company who will then publish in the gazette that it has either entered into administration, liquidation or CVA.

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