Harrison Contracts Limited (02934119): administration
- Status
- Administration ended
- Administration began
- 2011-08-31
- Administrators
- Scott Christian Bevan, Simon David Chandler
- Administrators' firm
- Mazars
- Incorporated
- 1994-05-31
- Location
- Nottingham
- Industry
- 7487
Why it went into administration
- Loss-making contracts / project overruns
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
I met with the Company on 29 June 2011 The business of the meeting was to discuss the Company’s trading position, tts history and an ongoing claim No specific advice was given at the meeting but it was agreed to review the information and arrange a follow up meeting A further meeting took place on 20 July 2011, at which, the directors provided further details of the Company’s trading activities and an update as to the financial position of the Company
On I August 2011 Mazars LLP were engaged by the Company to explore a sale to a third party and other possible alternatives including a sale through a pre packaged Administration route should alternatrve finance not become available
Mazars LLP commenced a confidential marketing process to explore the options of a sale of the business to an unconnected party The business was advertised through IP-Bid and through our internal network on 3 August 2011! The directors registered that they would also be interested in acquiring the business
Administrators' statement of proposals (2011-10-21) · Companies House register