Isis Projects Limited (03127584): administration
- Status
- Administration ended
- Administration began
- 2011-05-04
- Formerly
- CFC Group Limited; Kelyate Limited
- Incorporated
- 1995-11-17
- Location
- Birmingham
- Industry
- 4521
Why it went into administration
- HMRC / tax arrears
- Loss-making contracts / project overruns
- Over-expansion / investment not recovered
From the administrators' statement
ISIS Projects Ltd commenced trading in 1979 as Commercial Finishing Contractors Ltd, latterly known as CFC Group Ltd The business performed ceiling and partition installations within. commercial properties (retail, office, light industnal, etc) on a subcontract basis employed by a series of design and build contractors, general building contractors and construction managers
ISIS experienced many management changes throughout its first 25 years but was essentially a subsidiary of both CFC Group Holdings Ltd and ultimately a privately owned business called Leander Ltd
In 2005 the owners of both Leander Ltd and CFC Group Ltd decided to reorganise the company to become a Main Contractor in its own right and to cease subcontracting activities This was as a result of a significantly tightening subcontracting market, a series of significant tosses on individual projects, and the significant cost involved in employing numerous trade operatives on payroll to carry out the building works themselves
Administrators' statement of proposals (2011-06-21) · Companies House register