# Commercial Marine & Piling Limited (02620547)

> Why UK company 02620547 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02620547

- **Status:** Administration ended
- **Administration began:** 2016-05-09
- **Administrators' firm:** Kroll
- **Formerly:** Commercial Underwater Contractors Limited
- **Incorporated:** 1991-06-14
- **Location:** London
- **Industry:** 41201 Construction of commercial buildings

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss-making contracts / project overruns
- Competition / price pressure
- Sustained trading losses

## From the administrators' statement

Statutory information on the Company and a summary of Its financial history 1s included at Appendix 1

The Company was incorporated on 14 June 1991 and up until 1995 the Company operated solely as an aquatic construction company, expanding and diversifying its service offering in 1995 to include sheet piling and land construction services

The Company employed 53 full tme staff, with 25 employees split across the Freehold Property and Leasehold Properties and 28 across the various contract sites where works are undertaken

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02620547/filing-history/MzE0OTMzNjU4MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02620547

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