Corbyn Construction Limited (02420992): administration
- Status
- In administration
- Administration began
- 2025-05-15
- Administrators
- Philip Lewis Armstrong, David Paul Hudson
- Administrators' firm
- FRP Advisory
- Incorporated
- 1989-09-08
- Location
- London
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
As detailed above, the Company was facing significant cashflow difficulties with increasing creditor pressure.
During late 2024, the Company had failed to adhere to the terms of the TTP arrangements with HMRC on numerous occasions. In addition, further HMRC debt in respect of outstanding PAYE continued to accrue.
As a result of the Company's current postiion, FRP were subsequently engaged on 20 November 2024 under a dual engagement with the Director and NatWest to review the Company’s cashflow, discuss its financial position and the options available to them. Following this engagement, FRP’s financial advisory division assisted the
Administrators' statement of proposals (2025-07-14) · Companies House register