C P Berry Groundworks Limited (04568904): administration
- Status
- Administration ended
- Administration began
- 2018-08-20
- Administrators' firm
- PKF
- Incorporated
- 2002-10-21
- Location
- Sheffield
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Weak consumer demand
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 21 October 2002. It’s centre of main interest is in England and Wales and it carries on the business of ground works (tarmac and kerb laying) principally for Nottingham and Derby City Councils and other large contractors. This includes work on pavements, pathways and other arears where hand laying of tarmac is required. It also completes works on private contracts for schools, football clubs and members of the public for various groundworks.
In 2012, the company suffered a significant down turn in work caused by a reduction in spending on pathways by Nottingham City Council and as a result the company incurred losses in the financial year ending 30 November 2012.
To reduce overheads, the directors implemented a cost cutting exercise with cuts being made in both direct and indirect costs of the company. However due to the losses incurred the company had built up significant liabilities. The Directors tried to agree a time to pay agreement with HM Revenue & Customs, but it became clear that the company would be unable to maintain the payments required.
Administrators' statement of proposals (2018-10-25) · Companies House register