Pyramid Construction (U.K.) Limited (03308084): administration
- Status
- Administration ended
- Administration began
- 2022-02-10
- Administrators
- Sean Ward, Siann Huntley
- Administrators' firm
- Leonard Curtis
- Formerly
- GA Construction (Western) Ltd.
- Incorporated
- 1997-01-27
- Location
- Bristol
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- COVID-19
- Rising costs / inflation
From the administrators' statement
The Company was incorporated and commenced to trade in January 1998 under the name GA Construction (Western) Ltd. One of the Company’s incumbent directors, Philip Patch joined the Company approximately one year after incorporation as a director and the Company name was subsequently changed to Pyramid Construction (U.K.) Ltd.
The Company specialised in construction related projects in the Bristol and surrounding area and shortly after incorporation had approximately 8 full time employees. The Company’s initial trading performance was mixed and just about managed to break even in terms of profitability. Furthermore, at this stage the only source of external funding related to an overdraft facility with Lloyds in the sum of £50,000.
The Company began to experience year on year growth over the period of 10-15 years and by 2015 had reached annual turnover approaching £3 million and had expanded to 25 full time employees. The Company latterly traded from leasehold premises in North Bristol and continued to provide construction services to the commercial and public sector market in the Bristol area. Typical contract values were £200,000 to £1,200,000.
Administrators' statement of proposals (2022-03-18) · Companies House register