# Lionverge Civils Limited (04132296)

> Why UK company 04132296 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04132296

- **Status:** Administration ended
- **Administration began:** 2016-04-29
- **Administrators:** Simon Robert Thomas, Arron Simon Kendall
- **Administrators' firm:** Moorfields
- **Incorporated:** 2000-12-29
- **Location:** London
- **Industry:** 41201 Construction of commercial buildings

## Why it went into administration

- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

Incorporated on 29 December 2000 and trading for 32 years, the Company provided civil engineering services to the rail industry specialising in railway signalling, maintenance and renewals, P-way and civils works The Company employed over 40 staff, many of whom had been there since, or shortly after, the inception of the business

The Company undertook work primarily for Network Rail and other intermediaries and had traded profitably until the year ended 31 March 2015 when it suffered a net trading loss of £124,741 before pension scheme adjustments of £60,000, which brought the statutory loss to £184,741 The losses were driven by a sharp decline in turnover as Network Rail took more work In-house

Whilst management took steps to reduce overheads, the Company was obliged to retain its skilled workforce to accommodate an expected increase in work volumes Unfortunately the promised increase in orders did not materialise and the Company suffered a further net loss of £386,370 in the 10 months to 31 January 2016, the last date to which accounts have been prepared

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04132296/filing-history/MzE1MTQ0MzY1NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04132296

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.