# Teams Roofing Limited (01307648)

> Why UK company 01307648 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01307648

- **Status:** Administration ended
- **Administration began:** 2019-09-03
- **Administrators:** Patrick Alexander Lannagan, Adam Harris
- **Administrators' firm:** Mazars
- **Formerly:** Warule Limited
- **Incorporated:** 1977-04-07
- **Location:** London
- **Industry:** 43910 Roofing activities

## Why it went into administration

- Cash flow / liquidity pressure
- Weather / natural events
- Sustained trading losses

## From the administrators' statement

Company History, initial advice and meetings

The Company was incorporated in April 1977 as a roofing contractor and traded successfully as a family business for over 40 years. During 2019, the Company gradually fell into arrears with its creditors, predominantly due to a decline in orders, reduced profitability on some contracts and a significant dispute of over £500,000 in respect of alleged faulty work.

In August 2019, following discussions with their accountants regarding their financial position, the accountants recommended consulting an Insolvency Practitioner to discuss their options.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01307648/filing-history/MzI0OTM0MzQyMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01307648

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.