Malden Drywall PLC (00955856): administration
- Status
- Administration ended
- Administration began
- 2014-05-08
- Administrators
- William Matthew Humphries Tait, Antony David Nygate
- Administrators' firm
- BDO
- Formerly
- The Malden Group PLC; Malden (Plasterers) Limited
- Incorporated
- 1969-06-09
- Location
- London
- Industry
- 43310 Plastering
Why it went into administration
- Cash flow / liquidity pressure
- Weather / natural events
From the administrators' statement
The Company was incorporated on 9 June 1969 and carned out drywall installations and facade rendering across London and the south east of England, working for national property developers.
Malden Drywall 1s a wholly owned subsidiary of The Maiden Group Plc. It should also be noted that the Company changed its registered name from The Malden Group Plc on 28 July 2011.
In the past year, the facades division suffered cash flow difficulties due to inclement weather, which impacted on the timing for the completion of otherwise profitable contracts.
Administrators' statement of proposals (2014-07-04) · Companies House register