Trenchcare Limited (03673027): administration
- Status
- Administration ended
- Administration began
- 2015-12-07
- Administrators
- Andrew Poxon, Julien Robert Irving
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1998-11-24
- Location
- Manchester
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Bad debts / customer insolvency
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 24 November 1998 and commenced to trade in 2003 The nature of trade is that of a civil engineering company constructing ground works projects in the North West of England Projects included street lighting, installing cable up to 33kV, installation of duct work, construction of boxes and manholes, drainage/sewage, hard/soft landscaping, highway maintenance, concreting, tarmacing, hot rolled asphalt, footings for buildings, conservatones, garages, grab hire, Machine hire and supply of labour
The Company was previously funded by way of an overdraft facility of £60,000 from National Westminster Bank pic (“Nat West’), who hold security by way of a debenture, incorporating a fixed and floating charge over all assets, which was created on 27 November 2012
The Company historically traded profitably until the year ended 31 March 2014 Dunng this year, the Company recorded tumover of c£1m, however the Company suffered a large bad debt of c£241,000, which resulted tn a trading loss of c£154,000 being recorded
Administrators' statement of proposals (2016-01-21) · Companies House register