Baggaley Group Limited (01422311): administration
- Status
- Administration ended
- Administration began
- 2013-02-01
- Administrators' firm
- KPMG
- Incorporated
- 1979-05-23
- Location
- Nottingham
- Industry
- 64203 Activities of construction holding companies
Why it went into administration
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The roots of the Group’s business date back to 1908 Its principal activity was that of building construction, associated construction services and property development The trading subsidiary of the Company (HBCL) operates from freehold office premises owned by the Company at Melton Way, Mansfield
The Company itself 1s a holding company, with its sole asset being the Head Office building
The general downturn in the economy and competitive pressure in the construction market resulted in the Group experiencing a gencral decrease in both its level of activity and gross margin over recent years Consequently, the Group incurred losses of approximately £1m per annum in both 2011 and
Administrators' statement of proposals (2013-04-04) · Companies House register