Woodland Property Services Limited (03626619): administration
- Status
- Administration ended
- Administration began
- 2021-07-05
- Administrators' firm
- FRP Advisory
- Formerly
- Swift Environmental Services Limited
- Incorporated
- 1998-09-04
- Location
- Leicester
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- COVID-19
- Sustained trading losses
From the administrators' statement
In March 2020 the business was hit by the Covid-19 pandemic. Turnover significantly reduced with all projects put on hold. Despite cost cutting and the furlough of staff, the business returned a loss of c.£700k for the year to 31 March 21 and had ongoing losses at a rate of c.£75k pm.
Woodiand Property Services Limited (In Administration) The Administrators’ Proposals
Administrators' statement of proposals (2021-09-01) · Companies House register