Ellis Building Contractors Limited (03343474): administration
- Status
- Administration ended
- Administration began
- 2019-02-07
- Administrators
- Nicola Jayne Fisher, Christopher Herron
- Administrators' firm
- The Bailey Partnership
- Incorporated
- 1997-04-02
- Location
- Croydon
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Creditor pressure / legal action
- Loss-making contracts / project overruns
From the administrators' statement
The company was formed in April 1997 although the firm had previously traded as an unincorporated entity prior to this. They were a large construction firm based on the South Coast whose projects ranged from small works refurbishment contracts to major design and build developments including schools, public buildings, commercial, ecclesiastical, residential, leisure, retail and health facilities.
They worked both within the public and private sectors and maintained long-term positive relationships with clients such as Eastbourne Borough Council, East Sussex Fire and Rescue Service, Legal and Genera!, Sussex Downs College and the University of Brighton.
The company suffered from a tough trading period in 2018 coupled with a project with heavy cost overruns, protracted client account agreements and new project delays meant that the company encountered serious cashflow issues. In December the Director sold his house in order to repay the bank borrowing and inject funds into the Company. In order to get paid in relation to some projects with sums due in the region of £1m, the Company needed to seek adjudication decisions. Since the adjudication process fails away in an insolvency process in January the Company, with our assistance, attempted to reach an informal payment arrangement with its creditors to allow time to get money in from completed projects via adjudications but unfortunately, despite incredible creditor support, a number of creditors rejected the proposals making it impossible for the Company to continue.
Administrators' statement of proposals (2019-04-11) · Companies House register