Central Essex Interiors Limited (03038304): administration
- Status
- Administration ended
- Administration began
- 2023-10-25
- Administrators' firm
- Quantuma
- Incorporated
- 1995-03-27
- Location
- North Ferriby
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Loss-making contracts / project overruns
- Regulatory change or action
From the administrators' statement
3.1 Quantuma Advisory Limited were first approached by the Company on 20 September 2023 to review the financial position, following which it was appropriate for the Company to instruct a Quantity Surveyor to provide independent advice regarding the completion of contracts in place and to safeguard retentions. It was established that although the Company had a well known strong reputation within the industry, the cash flow position meant that the Company had limited funds available to enable it to continue trading for any significant period of time. The Company subsequently instructed Quantuma Advisory Limited on 25 October 2023 to assist the Company being placed into Administration.
3.2 No Moratorium under Part A1 of the Act has been in force for the Company at any
time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2024-02-18) · Companies House register