J. Hughes Construction Limited (02813295): administration
- Status
- Administration ended
- Administration began
- 2013-11-20
- Administrators
- Allan David Kelly, Steven Phillip Ross
- Administrators' firm
- FRP Advisory
- Formerly
- J.P. Hughes Construction Limited
- Incorporated
- 1993-04-27
- Location
- Newcastle upon Tyne
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
31 In recent years the Company had traded profitably In the 18 month period ended 31 October 2012 although turnover increased from that in the previous year by £4,350,000 on an annualised basis, it had fallen by 21% The gross margin had also fallen to 6 94% compared to 13 20% in the previous year
32 As a result of the fall in turnover and gross margin the profit before tax for the 18 months ended 31 October 2012 was £18,291 compared to £483,959 for the 12 months ended 30 April 2012
33 During that period the Company had a change in Directors, John Patrick Hughes, resigned as a Director of the Company on 22 December 2011 and Donal James Hughes became Sole Director
Administrators' statement of proposals (2014-01-17) · Companies House register