LEX Facilities & Construction Management Limited (04297502): administration and why it failed

LEX Facilities & Construction Management Limited (04297502): administration

Status: Administration ended
Administration began: 2011-12-16
Administrators' firm: Asset Recovery and Insolvency
Formerly: B & A 0107 Limited
Incorporated: 2001-10-02
Location: Southampton
Industry: 41100 Development of building projects

Why it went into administration

Creditor pressure / legal action
Cash flow / liquidity pressure
Loss-making contracts / project overruns
HMRC / tax arrears
Bad debts / customer insolvency

From the administrators' statement

Lex Facilities and Construction Management Limited (the Company) was formed on 2™ October 2001

The Company provided Facilities & Property Management services and latterly involved in

the construction of commercial property

Administrators' statement of proposals (2012-02-15) · Companies House register

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LEX Facilities & Construction Management Limited (04297502): administration

Why it went into administration

From the administrators' statement

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LEX Facilities & Construction Management Limited (04297502)