The Soper Group Limited (03327072): administration
- Status
- Administration ended
- Administration began
- 2022-11-02
- Administrators
- John William Butler, Andrew James Nichols
- Administrators' firm
- Metis Partners and Gilbert Baitson
- Formerly
- Lawson Galbraith & Co Ltd
- Incorporated
- 1997-03-04
- Location
- Driffield
- Industry
- 16230 Manufacture of other builders' carpentry and joinery
Why it went into administration
- Creditor pressure / legal action
- COVID-19
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
For many years, the Company traded successfully, establishing an extensive and nationwide domestic and commercial customer base in the construction & joinery industry. The company also provided building construction and maintenance services.
The company continued to build a significant net asset base and cash reserves which it invested into commercial property via its holding company, Soper Holdings Limited. Investments were supported by mortgage loans from Handelsbanken.
The directors identified an opportunity to benefit from the synergies created by their construction and joinery operations and continued to invest heavily in properties, using materials and labour provided by the Company.
Administrators' statement of proposals (2022-12-29) · Companies House register