Barnes Construction (UK) PLC (02793892): administration
- Status
- Administration ended
- Administration began
- 2015-11-13
- Administrators
- Dean Watson, Ian Mcculloch
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1993-02-25
- Location
- Preston
- Industry
- 41100 Development of building projects
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
The Bames Group consists of three construction-orientated companies operated by the Barnes family The Group is made up of Barnes Construction (UK) ple and its wholly owned subsidianes which include Thomas Barnes & Sons pic (“TBS”) and Nationwide Joinery Contractors Limited (‘NJC")
The business was initially established as a joinery finn in 1975 by Bnan Barnes In 1993, the Company was incorporated to act as a parent company for its trading subsidianes, TBS and NJC TBS traded as the main contractor from 1994
In late 2013, following a review of the Group structure by the board, the decision was made to move the main contracting division from TBS to the Company This move was purely for marketing purposes as it was decided that the TBS name was outdated and the Company would have a wider appeal in the market place attracting larger contracts TBS would complete any ongoing contracts with a view to winding down the business over the next 12 months From an agreed point, all new contracts would be dealt with by the Company
Administrators' statement of proposals (2016-01-15) · Companies House register