Ocon Construction Limited (05122365): administration
- Status
- Administration ended
- Administration began
- 2013-03-07
- Administrators' firm
- Mazars
- Incorporated
- 2004-05-07
- Location
- Manchester
- Industry
- 41100 Development of building projects
Why it went into administration
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was initially set up by its parent company as the building arm of the Group’s student accommodation property portfolio. Its business activities were general construction and civil engineering, with specific expertise in the construction and refurbishment of student accommodation, hotels, commercial offices and retatl units. The trading conditions in the construction market are challenging in this period of prolonged economic downturn Public spending cuts and the reduced availability of funding from lenders has led to reduced opportunities and this 1s reflected im the Company’s recent financial performance, summanised below
4/15
3.3
Administrators' statement of proposals (2013-04-25) · Companies House register