Mariners Building Contractors Limited (03628856): administration
- Status
- Administration ended
- Administration began
- 2011-12-09
- Formerly
- Mariner Building Contractors Limited; Satin Creek Limited
- Incorporated
- 1998-09-09
- Location
- Salisbury
- Industry
- 4521
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
Albett that statutory information 1s contained at Appendix I, this report provides brief details in relation to the Company's history
Mariners Building Contractors Limited traded as a traditional constructton company undertaking new build work and maintenance
Due to the mmpact of the global recession the Company has suffered a decline in turnover from £3 7 million in 2008 to approximately £2 36 million in 2009, and £1 5 million in 2010 There has been a decrease in new build proyects being undertaken locally as a result of the recession which has accounted for the decline in the Company's turnover
Administrators' statement of proposals (2012-02-24) · Companies House register