IAN Neale (Nuneaton) Building Contractors Ltd. (02609943): administration
- Status
- Administration ended
- Administration began
- 2012-04-19
- Administrators
- Matthew Douglas Hardy, Martin T Coyne
- Administrators' firm
- Quantuma
- Incorporated
- 1991-05-13
- Location
- Birmingham
- Industry
- 4521
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
- Competition / price pressure
From the administrators' statement
Below is an extract from the Directors affidavit in support of the application to Court to appoint Administrators’, which provides the Directors account of the events leading to the Administration
The Company was incorporated on 13 May 1991 and commenced trading shortly thereafter Prior to its incorporation as a limited entity, Mr Neale had carried on the business as a sole trader
The Company operated as a building contractor working mainly in the commercial sector with many of its contracts based with local authorities and government funded bodies
Administrators' statement of proposals (2012-06-14) · Companies House register