RBL Construction Limited (00492341): administration
- Status
- Administration ended
- Administration began
- 2011-07-12
- Administrators
- David Robert Acland, Lila Thomas
- Administrators' firm
- Begbies Traynor
- Formerly
- Ryan Build Limited; Bentley Park Developments Limited; Bentley Brick Works (Longton) Limited
- Incorporated
- 1951-05-07
- Location
- Preston
- Industry
- 4521
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
From the administrators' statement
RBL Construction Limited (“the Company”) was incorporated in May 1951 as Bentley Bnck Works (Longton) Limited The Company has also been known as Bentley Park Developments and Ryan Build Limited before becoming RBL Construction Limited in 1995 The Company provided building construction and renovation services throughout the North West of England The business traded from leasehold premises in Preston, Lancashire and employed 17 members of staff
The business enjoyed steady growth since incorporation with tumover peaking at £10 milion Over recent years the Company has been badly affected by the recession with its turnover reducing to £3 million in 2010 The Company has received two County Court Judgements and has been experiencing difficulties sourcing matenals This coupled with the departure of the managing director Sean Lansom in August 2010, who was responsible for marketing and secunng contracts, has had a significant effect on cash flow
Whilst the remaining Directors have succeeded in secunng work, as a result of the problems in the construction industry generally these works have been continually delayed The company was no longer able to support its workforce, with only one live contract at the date of appointment, and was unable to pay its creditors as and when they fell due Furthermore, the Company is the parent company of Woodmere Homes Ltd (“Woodmere”) Woodmere purchased property, funded by their bankers National Westminster Bank plc (‘the Bank”) and utilised the services of the Company to carry out construction/refurbishment works Woodmere would then sell the properties to reduce the Bank’s indebtedness and repay the balance of any monies owed for the building costs
Administrators' statement of proposals (2011-09-07) · Companies House register