Cruden Group Limited (02958435): administration
- Status
- Administration ended
- Administration began
- 2020-07-31
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- KPMG
- Incorporated
- 1994-08-12
- Location
- Manchester
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- COVID-19
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
3.1 ‘ackground information
The Company was incorporated on 12 August 1994 and is the: parent company of the . Cruden Group. The Cruden Group included two trading entities, CCL and CPS who prior to appointment of administrators on 31 July 2020 provided construction services and small works /maintenance contract services, respectively. The Company owned a freehold property in Warrington, (the “Head office’).
. Prior to our appointment, the Company employed 11 members of staff — erga based at the Cruden Group’s Head Office in Grappenhall, Warrington, including one of the four directors.
Administrators' statement of proposals (2020-10-12) · Companies House register