D J Ellis Construction Limited (03723588): administration
- Status
- Administration ended
- Administration began
- 2012-05-24
- Incorporated
- 1999-02-25
- Location
- Hatters Lane
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Competition / price pressure
From the administrators' statement
The directors advise that prior to incorporation on 25 February 1999, the former director and founder Darren Ellis had been trading for a number of years as a sole proprietor in the general construction sector, and the Company acquired his business Robert Young joined the Company as a director in July 2002, with the other current director, Gordon Nash, being made a director in July 2006 The directors have advised that the Company grew steadily over this period, and the appointment of Mr Nash to director was required to support the administration and growth of the business which attained turnover of approximately £7 million in 2006
The Company undertook a wide mixture of work for clients ranging from Local Authority contracts for Kent County Council and The Health Service, private individuals, and property developers, as well as working on Mr Ellis's own speculative developments
In late 2005, the Company started a large development of 24 apartments for Noblepack, who were being funded by The Heritable Bank, part of Landsbanki, an Icelandic bank Towards the end of the development the Heritable Bank were subject to an Administration Order on 7 October 2008 This impacted upon Noblepack, who itself entered Administration in late 2008 The subsequently tnability for the subject Company to obtain final certificated valuations and retentions had an adverse effect on Its own cash flow However, following a review of the business, the directors considered that the losses suffered could be recovered the following year tf trading was continued
Administrators' statement of proposals (2012-07-19) · Companies House register