Acheson Construction Limited (02252129): administration and why it failed

Acheson Construction Limited (02252129): administration

Status: In administration
Administration began: 2025-02-18
Administrators: Alistair Gareth Wardell, Richard Lewis
Administrators' firm: Grant Thornton
Incorporated: 1988-05-05
Location: 1 Oxford Street
Industry: 41201 Construction of commercial buildings

Why it went into administration

Rising costs / inflation
Cash flow / liquidity pressure
Sustained trading losses
Loss-making contracts / project overruns

From the administrators' statement

Nature of the Company’s business

The Company was incorporated on 5 May 1988. The trading activities of the Company were the construction of domestic and commercial buildings. There were 48 employees.

Causes of the Company's financial distress

Administrators' statement of proposals (2025-04-18) · Companies House register

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts