Mcmahon (Contractors Services) Limited (03161331): administration
- Status
- Administration ended
- Administration began
- 2012-02-10
- Administrators
- Tracey Lee Pye, Joanne Marie Wright
- Administrators' firm
- BDO
- Formerly
- Foray 898 Limited
- Incorporated
- 1996-02-19
- Location
- Birmingham
- Industry
- 4521
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Weather / natural events
From the administrators' statement
The Company was incorporated 1n February 1996 and, in June of that year, commenced trading after the business and assets, including the name, were transferred from another company. The Company traded as civil engineers and ground works contractors from leasehold premises known as Old Station Yard, Station Road, Long Marston, StratfordUpon-Avon CV37 8RP.
The Company had histoncally traded profitably, working principally for leading house builders. it had diversified to commercial contracts but had found these to be loss making and, more recently, had refocused solely on house buitding work.
The Company operated on 14 sites during 2011 for 1ts main customers, but the majonty of these contracts were found to be loss making. Margins continued to be squeezed as a result of the recession and over supply in the construction industry. The Company was
Administrators' statement of proposals (2012-04-12) · Companies House register