Thomas Barnes & Sons PLC (02039209): administration
- Status
- Administration ended
- Administration began
- 2015-11-13
- Administrators
- Paul Stanley, Dean Watson
- Administrators' firm
- Begbies Traynor
- Formerly
- Bury DIY & Building Supplies Limited; Levelway Limited
- Incorporated
- 1986-07-21
- Location
- Preston
- Industry
- 41100 Development of building projects
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Barnes Group consists of three construction-orientated companies operated by the Bames family The Group Is made up of Barnes Construction (UK) ple (‘BCUK’) and its wholly owned subsidianes which include the Company and Nationwide Joinery Contractors Limited (‘NJC”)
The Company was initially established as a joinery firm in 1975 by Bran Barnes (deceased) until it was formally incorporated in 1986 As the business developed, the Company began trading as a main contractor in 1994 and other group companies were incorporated to complement the main contracting division The Company secured well established relationships with many Local Authonties, Schools, Colleges, Universities and Hospitals
Histoncally, the Company had traded profitably and this 's reflected in the Company’s accounts prepared up fo 30 June 2011 (profit of £163,706) However, the accounts prepared to 31 December 2012 showed a significant reduction in both tumover and profit Whilst turnover mirrored that recorded in 2011 (circa £15 miltion) this was over an extended 18 month reporting penod and resulted tn a profit of only £19,904 By 31 December 2013, the Company reported losses of £6,792
Administrators' statement of proposals (2016-01-15) · Companies House register