Johnson Construction UK Limited (04490476): administration
- Status
- Administration ended
- Administration began
- 2015-03-12
- Administrators' firm
- FRP Advisory
- Formerly
- Paul Johnson (Greenfield) Limited
- Incorporated
- 2002-07-19
- Location
- Manchester
- Industry
- 41100 Development of building projects
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Cash flow / liquidity pressure
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated In 2002 as Paul Johnson (Greenfield) Limited having traded as an unincorporated business since 1982. In 2008, It changed its name to Johnson Construction UK Limited trading as a shop fitting contractor, bullding contractor and property developer. At the date of administration the Company employed 20 members of staff located primarily at its leased trading premises In Delph, near Oldham.
The Company was wholly owned by Johnson Group Holdings Limited (*JGHL”), with which it shared a common director, Jeremy Broadbent.
At Appendix A we have summarised the Company’s performance in recent years. In the 18 months ended 31 January 2013, the Company experienced significant losses. The Company reacted by closing out various loss making contracts and focussing on cost management,p Including the closure of certain divisions and offices. In the year ended 31 January 2014, the Company took further cost cutting measures and reported an operating profit of £376k. However, the Company experlenced delays on Its contracts in the year ended 31 January 2015 and thls caused cash flow pressure to Increase.
Administrators' statement of proposals (2015-05-18) · Companies House register