Markline Construction Limited (03932395): administration
- Status
- Administration ended
- Administration began
- 2023-07-14
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2000-02-24
- Location
- Ocean Way
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Rising costs / inflation
- Energy costs
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Competition / price pressure
- Weather / natural events
From the administrators' statement
The original company was formed by Mark Loader in 1977 and was subsequently incorporated as a limited company on 24 February 2000. The activities of the company were groundworks, drainage and civil engineering work for both commercial and residential properties.
The Company has always operated on the south coast obtaining contracts ranging from £50k - £4 million.
The Company has been successful over the years and has overcome previous financial pressures such as periodic bad debts and the recession suffered as a result of the ‘banking crisis’ in 2008 by temporarily renegotiating terms with suppliers and obtaining loans. The actions allowed the Company to weather these issues and ultimately return to profitability.
Administrators' statement of proposals (2023-09-05) · Companies House register