Colwin Construction Limited (02911673): administration
- Status
- In administration
- Administration began
- 2025-03-19
- Administrators
- Matthew Russell, Gareth James Lewis
- Administrators' firm
- BPI Asset Advisory
- Formerly
- Colwin Developers Limited
- Incorporated
- 1994-03-23
- Location
- Leeds
- Industry
- 41100 Development of building projects
Why it went into administration
- COVID-19
- HMRC / tax arrears
- Weak consumer demand
- Rising costs / inflation
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated as Colwin Developers Limited on 23 March 1994 and subsequently changed its name to Colwin Construction Limited (“the Company”) on 27 September 1996. The Company commenced trading as a developer of building projects in the county of Essex. On incorporation, the Directors were Mr Stephen Richards, Mr Trevor Schofield and Mr John Howell. It should be noted that on 16 March 2000, Stephen Richards resigned as a director.
The Company grew steadily over several years and diversified by starting to work primarily for insurers and loss adjusters carrying out repair works for insured policy holders. The majority of the work included repairs for fire and water damage, roof damage and subsidence. The Company was consistently profitable from 1994 until 2020 as it had several clients that it could rely on for regular contracts.
However, in early 2020, with the COVID-19 outbreak (“the Pandemic’) and forced national lockdowns, the business had to immediately cease trading. As all households were on lockdown, the Company and its employees were unable to access the insured policyholders’ homes. To assist with trade and cashflow throughout this period, the Directors obtained a bounce back loan from NatWest Bank which helped the Company in meeting its obligations.
Administrators' statement of proposals (2025-04-07) · Companies House register