BCM Scaffolding Services Limited (02478838): administration
- Status
- Administration ended
- Administration began
- 2024-02-16
- Administrators
- Philip Lewis Armstrong, David Paul Hudson
- Administrators' firm
- FRP Advisory
- Formerly
- Blockbasic Limited
- Incorporated
- 1990-03-08
- Location
- London
- Industry
- 43290 Other construction installation
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Funding withdrawn / unable to refinance
- Supply chain disruption
- Property / lease costs
- Rising interest rates
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 8 March 1990 for the purposes of providing scaffolding services, primarily in the London and South East region. In November 2018, the Company was acquired by the Directors, through SRSG, the Company’s parent company.
The Directors have been in office since they purchased the Company in 2018. The Directors are also equal shareholders in the Company's parent company SRSG, which is the sole shareholder of the Company. The Company structure chart is shown adjacent.
As at the date of the Administrators appointment, the Company employed 15 members of staff in roles ranging from yard labourers, lorry drivers and finance and commercial managers. The Directors were involved in the daily management of the business. The Company also utilised the services of subcontracted scaffolders, as and when required, to undertake the Company’s various scaffolding projects.
Administrators' statement of proposals (2024-04-23) · Companies House register