D.B.M Civil ENG. Ltd. (04142887): administration
- Status
- Administration ended
- Administration began
- 2018-05-02
- Administrators' firm
- Clark Business Recovery
- Formerly
- Auckland Interiors Ltd
- Incorporated
- 2001-01-17
- Location
- Garforth
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Loss-making contracts / project overruns
- Sustained trading losses
From the administrators' statement
The Company experienced significant losses on some of the projects that were completed in 2018 and experienced issues with a main contractor withholding approximately £300,000 that was owed to the Company.
In light of the increasing strain on the Company's resources, the Directors met with their accountant to discuss the Company’s current financial position and to determine the best course of action.
Following the advice from their accountant, The Directors were introduced to Dave Clark of Clark Business Recovery Limited on 30 April 2018 and discussed the Company's financial position and the steps that a reasonable director should take In these circumstances.
Administrators' statement of proposals (2018-07-06) · Companies House register