Adastra Access Limited (04010294): administration
- Status
- Administration ended
- Administration began
- 2023-06-20
- Administrators
- James Alexander Dewar, Alistair Mcalinden
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2000-06-08
- Location
- London
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- COVID-19
- Competition / price pressure
From the administrators' statement
In the year to 31 December 2021 the business generated £5.4m in annual revenues. This was a 15% increase in year-on-year revenue (with 2020 impacted by CV19 and associated lockdowns).
During Spring 2021, there was a failure of one of the Company’s MCWPs, while being operated by a customer. Tragically, this resulted in the fatalities of two subcontractors who were working at a construction site in Liverpool.
The Health and Safety Executive (‘HSE’) launched an immediate investigation. As part of this, the Company was required to fit all MCWPs with monitoring and emergency safety stop controls (‘EMOS’) under new legislation.
Administrators' statement of proposals (2023-08-07) · Companies House register