Blenheim House Construction Limited (03259020): administration
- Status
- In administration
- Administration began
- 2024-07-18
- Administrators
- Adam Henry Stephens, Kevin Ley
- Administrators' firm
- Evelyn Partners
- Incorporated
- 1996-10-04
- Location
- London
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Rising costs / inflation
- Cash flow / liquidity pressure
From the administrators' statement
The Company, which was incorporated on 4 October 1996, has been trading as a main contractor in the construction industry since 1997. The Company's primary business was the construction of commercial and residential buildings (including hotels, high end residential, and commercial offices) in London and the Southeast of England.
The Directors have cited the COVID pandemic as one of the difficulties the Company faced with contractors bearing the brunt of the costs and of projects taking longer to complete because of lockdown restrictions. In respect of later projects after the pandemic, the Directors state that the Ukraine War (material cost increases, shortage of supply) as well as several suppliers and subcontractors ceasing to trade, resulting in substantial losses.
The Company further experienced difficulties on three large, complex office design and build projects in central London, being Holbein Place, Marylebone House, and Greycoat Place. These difficulties included tendered designs which were not complete, omissions in the tender, and client delays. These trading difficulties caused a trading loss across all three projects of circa £11.65m. Finally, Marylebone House issued a claim for damages in the sum of £3.6m which the Directors believed tarnished the Company’s reputation, preventing them from securing the through-put of work which they usually benefitted from.
Administrators' statement of proposals (2024-09-16) · Companies House register