Clugston Group Limited (00333188): administration
- Status
- Administration ended
- Administration began
- 2019-12-06
- Administrators' firm
- KPMG
- Formerly
- Clugston Limited; Clugston Holdings Limited
- Incorporated
- 1937-11-01
- Location
- Leeds
- Industry
- 70100 Activities of head offices
Why it went into administration
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
As outlined above, the Company was incorporated on 1 November 1937 and was the parent to a group of companies that shared the ‘Clugston’ brand (the ‘Group’). The Group encompasses four trading businesses including construction, facilities management, haulage and property development.
The Company operated from its head office in Scunthorpe. Prior to appointment the Company employed 19 members of staff; however, shortly following our appointment eleven members of staff were made redundant, including four Directors. We retained eight members of staff, two of whom were Directors of the Company, in order to assist with the wind down of the Company and to gather information on the Group’s financial and other interests.
3.2 Funding and financial position of the Company
Administrators' statement of proposals (2020-02-04) · Companies House register