Breyer Group Public Limited Company (00782931): administration
- Status
- In administration
- Administration began
- 2025-04-01
- Administrators
- Damian Webb, Glen Carter
- Administrators' firm
- RSM
- Formerly
- F.H.Breyer(Asphalte)Limited
- Incorporated
- 1963-12-02
- Location
- Eastleigh
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was founded in 1963 and provides roofing, repair, large-scale refurbishment services and government funded decarbonisation schemes to local authorities, housing associations and major landlords across the South and South-East. The Company operated two main divisions, “roofing” and “renew”. The roofing operation was amongst the largest in the UK, carrying out major pitched roofing and flat roofing works. Renew provided refurbishment and environmental works to meet the UK Government’s carbon agenda.
The Company’s shares are held by a holding Company, Breyer Holdings Limited, with the ultimate beneficial owner being Timothy Breyer who is also a director of the Company.
The Company has grown over 60 years to a £90m turnover business. However, in the year ended May 2024 (FY24) the Company made a significant operating loss of £3.5m, primarily as a result of two loss making contracts. The Company otherwise continued to trade profitably and on 30 September 2024, one of the loss-making contracts was concluded and the remaining loss-making contract was passed back to the customer in November 2024.
Administrators' statement of proposals (2025-05-06) · Companies House register