HC Realisations 2024 Ltd (02349210): administration
- Status
- Administration ended
- Administration began
- 2024-05-14
- Administrators' firm
- Begbies Traynor
- Formerly
- Halsall Construction Limited
- Incorporated
- 1989-02-17
- Location
- Salisbury
- Industry
- 41100 Development of building projects
Why it went into administration
- COVID-19
- Rising costs / inflation
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss-making contracts / project overruns
- Sustained trading losses
- Loss of key people
From the administrators' statement
The Company was incorporated on 17 February 1989 for the purposes of providing construction services on both commercial and domestic building projects. The Company is a wholly owned subsidiary of Shepperton Group Limited.
Mr Roy Power acted as the Company’s Managing Director until 2009, at which point he joined Mr Gavin Davis as a non-executive Director. Mr lan Thayne was the post-holder from 2010 to 2011 and Mr Andrew Corp then held the position from 2012 to April 2023.
Towards the end of Mr Corp’s leadership tenure, the Board of Directors consisted of him, two executive Directors and three non-executive Directors. When Mr Corp left the business in April 2023, the Operations Director and Finance Director also left at the same time and were replaced by a new team consisting of Mr Christopher Faulkner, Mr Colin Chiles and Mr Tim Lakeman remaining as the third executive Director and Mr Gavin Davis remaining as non-executive Director.
Administrators' statement of proposals (2024-08-13) · Companies House register