# Corbyn Construction Limited (02420992)

> Why UK company 02420992 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02420992

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02420992/filing-history/MzQ3Mjc2OTY1OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02420992

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