Tasker Catchpole Ltd (00709031): administration
- Status
- Administration ended
- Administration began
- 2018-03-02
- Administrators' firm
- Begbies Traynor
- Formerly
- W.H.Catchpole Limited
- Incorporated
- 1961-11-27
- Location
- Brighton
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The business was established in 1949 and was subsequently incorporated as a limited Company on 27 November 1961. The Company traded as a general building contractor within Hove and the surrounding local area. The Company generally dealt with building contracts for public and private sector schools, universities, the NHS, commercial works, as well as some residential refurbishment and “new build” contracts.
The current directors took over from the retiring owner/director in 2010, and began a program of modernisation and growth. Following the takeover in 2010, additional funding was put into the Company from the directors, as well as from an overdraft facility, with these investments being fully repaid in 2011.
During the following years of trading, the year end profits were consistent and in line with the business model expectations.
Administrators' statement of proposals (2018-05-08) · Companies House register