Blue Square Building Limited (04338214): administration
- Status
- Administration ended
- Administration began
- 2018-05-01
- Administrators' firm
- Begbies Traynor
- Formerly
- Jones and Hampton Ltd
- Incorporated
- 2001-12-11
- Location
- Salisbury
- Industry
- 43320 Joinery installation
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Management failings / irregularities
From the administrators' statement
Blue Square Building Ltd was established in 1995 as Jones and Hampton. The partnership was incorporated as Jones and Hampton Lid in December 2001 and due to continued growth changed its name in 2016 to Blue Square Building Limited.
The Company primarily works in the construction/refurbishments sector with both public and private sector clients. The jobs undertaken relate to kitchens, bathrooms and flooring. The Company also undertakes full maintenance contracts for larger clients. The works are completed by the Company's experienced team of tradesmen and supporting staff who number around 100.
The Company was profitable for many years until a change of directorship / management in October 2014. Poor decision-making relating to tendering resulted in the Company making losses for a 15 month period leading up to 31 March 2017. Following this period the owner and Director, Dave Jones, appointed Paul Johnson to provide advice/consultancy and to source a buyer for the Company.
Administrators' statement of proposals (2018-06-18) · Companies House register