# Groundwork Bridgend and Neath Port Talbot (02388397)

> Why UK company 02388397 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02388397

- **Status:** Administration ended
- **Administration began:** 2014-11-06
- **Administrators:** Edward Terence Kerr, Simon Edward Jex Girling
- **Administrators' firm:** BDO
- **Formerly:** Groundwork Bridgend and Neath and Port Talbot; Ogwr Groundwork Trust
- **Incorporated:** 1989-05-24
- **Location:** Bristol
- **Industry:** 78109 Other activities of employment placement agencies

## Why it went into administration

- Parent or group failure

## From the administrators' statement

The Board of Trustees became concerned over the Trust’s cashflow and sought professional advice from BDO LLP (“BDO”) having been referred by the federation of Groundwork Trusts (the national body for Groundwork trusts).

The Trustees had identified falling income levels and increasing losses in the last two years The Trustees established that the Trust did not have sufficient funds to meet obligations as they arose. Of particular concern was the Trust’s inability to pay the wages that were due at the end of October.

A meeting was held on 16 October 2014 between BDO and representatives of the Board of Trustees at which the Trustees were advised of their options and indeed their obligations as Trustees given the apparent insolvency of the Trust.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02388397/filing-history/MzExNDIwODgyNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02388397

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