E Bowman and Sons Limited (00678152): administration
- Status
- Administration ended
- Administration began
- 2012-02-24
- Administrators' firm
- FRP Advisory
- Incorporated
- 1960-12-16
- Location
- York
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was a building and construction contractor that specialised in combining modern and heritage building techniques. The Company had enjoyed many years of success, being incorporated in 1960 with the underlying business dating back to 1886
The Company suffered pertods of poor trading performance since 2007 which eroded profit margins, cash resources and reserves within the business. The shareholders sought to restructure the board of directors to focus on improving operational control and efficiency, as well as increasing turnover and margin At this
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Administrators' statement of proposals (2012-04-17) · Companies House register