Speymill Contracts Limited (03024385): administration
- Status
- Administration ended
- Administration began
- 2012-12-19
- Administrators
- Simon Harris, Cameron Gunn, Mark Supperstone
- Administrators' firm
- ReSolve
- Formerly
- Speymill Tripp Ltd; Dean Contracts Limited; Tayvin 20 Limited
- Incorporated
- 1995-02-21
- Location
- London
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Loss of a key customer, supplier or contract
- Over-expansion / investment not recovered
- Competition / price pressure
From the administrators' statement
The Company was a specialist construction and fit-out contractor which operated in the UK, primarily working on hotel, public housing, restaurants and leisure group contracts Its head office was located at Speymill House, Vantage Park, Washingley Road, Huntingdon, Cambridgeshire
The Company and its parent have undergone a number of restructurings since its incorporation on 21 February 1995 The Company has been known by a number of names, including Tayvin 20 Limited, Dean Contracts Limited and Speymill Tripp Limited. Its current parent company is Speymill Ple (SPLC), which ts incorporated In the Isle of Man
Following restructures and parent company investment tn 2005 and 2006, the Company experienced rapid growth Revenues increased from £18m in 2006 to £41m in 2007 and trading profits before tax increased from circa £250k to £800k
Administrators' statement of proposals (2013-01-25) · Companies House register