M Igoe Limited (01884462): administration
- Status
- Administration ended
- Administration began
- 2023-10-27
- Administrators
- Kerry Bailey, Lee Causer
- Administrators' firm
- BDO
- Incorporated
- 1985-02-08
- Location
- Liverpool
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Loss-making contracts / project overruns
- Creditor pressure / legal action
- COVID-19
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Weak consumer demand
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Company was established on 8 February 1985 and is owned by the Igoe family. Michael and Helen Igoe own 80% of the Company’s shares and are the directors of the Company.
The Company operated as a civil engineering and construction company based in Cheshire, undertaking earthworks, road, sewer and groundworks for major house builders in the Northwest including Seddon Homes, Lovells, Jones Homes, Elan Homes, Russell Homes, Oakwood Homes, and Redrow (Lancashire).
The works undertaken by the Company typically included:
Administrators' statement of proposals (2023-12-18) · Companies House register