Metnor Construction Limited (04424488): administration
- Status
- Administration ended
- Administration began
- 2023-02-21
- Administrators' firm
- FRP Advisory
- Incorporated
- 2002-04-25
- Location
- Newcastle upon Tyne
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Brexit
From the administrators' statement
The Company was incorporated on 25 April 2002 under company number 04424488. The Company’s registered office address at the appointment of administrators was Metnor House, Mylord Crescent, Killingworth, Newcastle upon Tyne, NE12 5YD. The Company employed 49 people and the directors were Adam Langman, Christopher Cant, Christian McDonnell, Sean McNicholas and Ben Rankin. The Company is a subsidiary of Metnor Group Ltd.
The Company worked across the UK as the main construction contractor in sectors including but not limited to; healthcare, student accommodation, residential, leisure and commercial.
While there were significant cash reserves, the Company was experiencing cash flow constraints following the decision of a key funder to withdraw future funding on 1 February 2023.
Administrators' statement of proposals (2023-04-25) · Companies House register