Mossvale Maintenance and Sealing Services Limited (02315978): administration
- Status
- Administration ended
- Administration began
- 2021-01-20
- Administrators
- Gareth Prince, Mark Malone
- Administrators' firm
- Begbies Traynor
- Formerly
- Mossvale Maintenance Limited
- Incorporated
- 1988-11-11
- Location
- Birmingham
- Industry
- 71129 Other engineering activities
Why it went into administration
- COVID-19
From the administrators' statement
The business was incorporated in 1988 and traded from central Birmingham, most recently from Church Road, Aston. The Company carried out property maintenance, mechanical and electrical services and construction projects across the Midlands.
The business was managed and run by a board of directors all of whom have extensive experience in the sectors above and were supported by a team of experienced managers. Business steadily increased over time especially in the construction sector. The business had a number of projects awarded in 2019 and 2020 with values up to £6.3m as Principal Contractor.
In September 2019 the business started on site as a sub-contractor on a contract with a mechanical and electrical specialist business providing construction expertise and trade packages. In July 2020 practical completion was achieved but the main contractor had stopped paying for works applied for on site. The business initially tried to resolve the matter but eventually had to commence an adjudication on an interim application which would have generated £1.9m of income if paid in full. The adjudicator awarded in favour of the business on 14th December 2020 but not the amount that was originally anticipated. The main contractor had commenced a counter dispute and was not willing to pay the full adjudicated sum. On the 18th December 2020 the Company was forced to settle for a lesser amount, rather than continue incurring substantial and extensive legal costs.
Administrators' statement of proposals (2021-04-14) · Companies House register