# Acheson Construction Limited (02252129)

> Why UK company 02252129 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02252129

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02252129/filing-history/MzQ2MTk1ODgwNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02252129

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