# Askam Construction Limited (02078551)

> Why UK company 02078551 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02078551

- **Status:** Administration ended
- **Administration began:** 2014-04-15
- **Administrators:** Samuel James Woodward, Thomas Andrew Jack
- **Administrators' firm:** EY
- **Incorporated:** 1986-11-28
- **Location:** Manchester
- **Industry:** 41201 Construction of commercial buildings

## Why it went into administration

- Creditor pressure / legal action
- HMRC / tax arrears
- Bad debts / customer insolvency

## From the administrators' statement

The Company was incorporated in 1986 as a civil engineering contractor, and it later diversified into construction Its head office was in Hampson, Lancaster, and at the date of appointment the Company was engaged on 14 active projects, employing 88 people

In addition to the core trading business, the Company also owned four residential investment properties and adjacent development land in Lancaster

The Company was funded through a combination of term loans, an overdraft facility and ancillary facilities including contingent bonds At the date of appointment the Bank was owed approximately £1 35m and the John Lowery Pension fund had secured debt of £0 2m As far as the Joint Administrators are aware, none of the Directors of the Company have given any personal guarantees in respect of the Company’s debts

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02078551/filing-history/MzEwMTQ2Mjk3MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02078551

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