Harfield Bros. (Contractors) Limited (01189991): administration
- Status
- Administration ended
- Administration began
- 2011-12-14
- Administrators' firm
- Menzies
- Incorporated
- 1974-11-08
- Location
- Fareham
- Industry
- 4521
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
From the administrators' statement
The company was incorporated in November 1974 It previously carried out work in construction, general civil engineering and ground works but in recent years has been a dormant company until 2010 when it recommenced carrying out ground works
The company ts a subsidiary of Hoare Construction Group Limited The directors when the company recommenced trading in 2010 were Kevin and Jacob Hoare but they resigned as directors in May 2010 when Michael Harding was appointed as the sole director Mr Harding resigned as a director in July 2011 and he was replaced with the current director, Sarah Evans, although Kevin Hoare has remained actively involved in the company
Funding was provided by an associated company, HWG Services Limited, which originally provided a loan of £25k This was secured by a debenture conferring a fixed and floating charge over the company’s assets dated 21*' May 2010 Additional funding has been provided by HWG since this date A number of other group companies have also provided funding for the business since it recommenced trading, this has been on an adhoc basis, mainly through the supply of plant and machinery Since this date HWG had lent the company a total of £109k
Administrators' statement of proposals (2012-02-07) · Companies House register