Brymor Construction Ltd. (02099201): administration
- Status
- Administration ended
- Administration began
- 2022-07-08
- Administrators
- Mark Granville Firmin, Michael John Magnay
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Brymor Contractors Limited
- Incorporated
- 1987-02-12
- Location
- Brighton
- Industry
- 41100 Development of building projects
Why it went into administration
- Sustained trading losses
- Funding withdrawn / unable to refinance
- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure
- Loss-making contracts / project overruns
- Property / lease costs
- Parent or group failure
- Brexit
From the administrators' statement
The Company was formed on 12 February 1987 and was a 100% owned subsidiary of BGL. BGL and its subsidiaries (the “Group”) operated in the construction sector and was based in the South of England.
The Company is the primary trading entity of the Group, contributing nearly all the Group's revenue as at the date of administration and has approximately 110 employees. The Company operates as a main contractor in the construction industry and was working on approximately 13 project sites as at the date of administration.
All other entities within the Group either have historically performed limited trading or are dormant. No other entity within the Group has any employees.
Administrators' statement of proposals (2022-07-23) · Companies House register