Hilife Construction Co.Limited (01048885): administration
- Status
- Administration ended
- Administration began
- 2013-02-18
- Administrators
- Michael William Young, Peter Nicholas Wastell
- Administrators' firm
- FRP Advisory
- Incorporated
- 1972-04-07
- Location
- St Albans
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
Hilife Construction Co Limited (“the Company”) was incorporated on 7 April 1972. The Company was formed by David Fowler who was both a director and shareholder of the Company.
The Company traded from leasehold premises situated In Caterham, Surrey It provided construction services to the education, healthcare, residential and commercial sectors in London, Surrey, Kent, Sussex, Hampshire and Essex.
The Company was achieving a turnover of £20 million at its peak and employed a total of sixty staff. In July 2007 David Fowler retired leaving the Company in the contro! of the remaining directors.
Administrators' statement of proposals (2013-04-22) · Companies House register