# Baggaley Group Limited (01422311)

> Why UK company 01422311 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01422311

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01422311/filing-history/MzA3NTY4NDMxN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01422311

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