C3S Projects Limited (02821595): administration
- Status
- Administration ended
- Administration began
- 2018-03-19
- Administrators' firm
- DL Partnership (uk)
- Formerly
- D & W Contracts Limited
- Incorporated
- 1993-05-26
- Location
- Halifax
- Industry
- 43320 Joinery installation
From the administrators' statement
Representatives of DLP were originally introduced to the Director of the Company at an initial meeting held on 19 January 2018 to advise on the Company’s financial position generally.
During the previous two years the director had worked with a business advisor in order to market the business for sale as a going concern. Given the recent losses, the collapse in order book and the prohibitive redundancy costs this was no longer a viable option. However, following this initial meeting, the director took the decision to explore and exhaust every possible other re-financing, investment and new work opportunity.
In spite of these efforts, the Company was still forced to delay the payment of wages in both January and February 2018 pending debtor receipts. The director held several meetings with the staff to discuss the possibility of wage deferment plans however these suggestions were dismissed by the employees. On both occasions the required debtor receipts came in to allow the Company to continue to pay the staff.
Administrators' statement of proposals (2018-05-23) · Companies House register