Alba Contracting Limited (04752490): administration
- Status
- Administration ended
- Administration began
- 2012-05-29
- Incorporated
- 2003-05-02
- Location
- London
- Industry
- 4531
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was founded in 2003 as a follow on from Alba Consulting which Mr Pryke ran as an engineering consultancy on a sole trader basis from May 2002 to June 2003 Mr Webb joined the Company as co-director shortly after the Company’s formation
Since its formation the Company benefitted from a number of years of successful trading and maintained a modest and solvent balance sheet Net profits remained consistent and in line with the Company’s expectations during this period The successful project work undertaken by the Company enhanced its reputation within the industry which led to bigger, more valuable projects, including contracts at the Abbott Murex Research Laboratory and the new Ascot Racecourse Grandstand
As the Company grew in size and status, Balfour Beatty was added to its cllent base followed by Gratte Brothers This expansion was funded initially by a Small Business Enterprise Loan and an overdraft facility provided by the Company’s bankers, National Westminster Bank plc (NatWest”)
Administrators' statement of proposals (2012-07-12) · Companies House register