C G Godfrey Limited (02252115): administration
- Status
- Administration ended
- Administration began
- 2024-08-27
- Administrators' firm
- Quantuma
- Incorporated
- 1988-05-05
- Location
- Southampton
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
From the administrators' statement
According to the Company’s filed and management accounts it was profitable and balance sheet solvent in the year ending 31 December 2023.
The Company started to experience cash flow issues during 2024 as a result of two contracts which were badly managed and produced a total loss in turnover of circa £300k. These problems presented themselves around May/June of this year.
Quantuma Advisory Limited were first approached by the Company on 4 July 2024 and subsequently instructed on 17 July 2024. Quantuma Advisory Limited’s role was to assist the Company and its management to understand the problems they were faced with and the options available to them.
Administrators' statement of proposals (2024-10-23) · Companies House register