P N T Contractors Limited (03711203): administration
- Status
- Administration ended
- Administration began
- 2023-10-11
- Administrators
- Mark Reynolds, Stephen Mark Katz
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1999-02-10
- Location
- London
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Cash flow / liquidity pressure
- Loss-making contracts / project overruns
- COVID-19
- Creditor pressure / legal action
From the administrators' statement
the Company is a family-run construction company based in Watford, Hertfordshire. Following incorporation in 1999, the Company initially traded as a groundworks specialist within the construction industry. The Company has since grown into a principal constructor, handling all matters from groundworks to “handing back the keys”.
The Company specialised in interior fit-outs, new build construction and refurbishment projects ranging in value from £250,000 to £3,000,000.
As with many businesses within the construction sector, the Company fell into financial difficulties following the prolonged government-imposed Covid 19 lockdown, and due to the effects thereof on the Company's contracts and increases in the costs of materials etc, the Company began to suffer extreme cashflow difficulties.
Administrators' statement of proposals (2023-12-09) · Companies House register