B.C.D.L. Limited (03580041): administration
- Status
- Administration ended
- Administration began
- 2015-10-26
- Administrators
- Huw Powell, Peter Richard Dewey
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1998-06-12
- Location
- Cardiff
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 12 June 1998 and its principle activity was that of plastering contractors
Following incorporation the Company traded reasonably successfully and achieved steady growth in its customer base
However, during 2008, given the downturn in the world economy, the demand for plasterers fell and the Company had difficulties with cash flow Furthermore, contracts had to be agreed on smaller profit margins, which were further eroded by increases in matenal costs The Company has also suffered significant bad debts of approximately £400,000
Administrators' statement of proposals (2015-12-08) · Companies House register