Cull and Griffiths Limited (05360455): administration
- Status
- Administration ended
- Administration began
- 2018-08-29
- Administrators
- Paul W Barber, Paul Stanley
- Administrators' firm
- Begbies Traynor
- Formerly
- Cull DRY Lining and Plastering Limited
- Incorporated
- 2005-02-10
- Location
- Manchester
- Industry
- 43310 Plastering
Why it went into administration
- Rising costs / inflation
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Weather / natural events
From the administrators' statement
The Company was incorporated in 2005 as Cull Drylining and Plastering Limited following the success of Eric William Cull's sole trader business. Eric William Cull, Mary Cull and Eric Cull Jnr were directors of the Company. Eric Snr and Mary costed the various jobs and oversaw the ongoing schemes, whilst Eric Jnr looked after the sites being worked on. Prior to incorporation, Eric Snr (now deceased) ran his own small subcontracting business as a sole trader since 1971. Eric Jnr had been working with his father since 1978. The Company was formed due to the ongoing growth of the business and the student accommodation and apartment boom in the city of Liverpool. A number of projects were undertaken on medical centres, apartments, hospitals, museums, student accommodation, retail units, schools and colleges throughout Merseyside, Manchester and Yorkshire. The Company operated from its registered office address at 20 Hornspit Lane and its main customers at the time were Watkin-Jones, GallifordTry and Pochin Plc. The main projects were often valued anywhere from £150,000 to £800,000. In 2006, William Griffiths became a director of the Company having worked for the business for a number …
The Company was initially financed personally by the directors, and a short while later a bank overdraft was secured, From 2016 onwards the bank overdraft was not required, and there is currently no bank debt.
In recent years, the Company has continued to grow and has taken on a number of large projects with Laing O'Rourke, Willmot Dixon, Pochin Ltd, ISG, Bowmer & Kirkland and George Downing Construction. The recent contracts have related to hospitals, schools, hotels and student accommodation, with the value being anywhere between £300,000 and £2million.
Administrators' statement of proposals (2018-10-24) · Companies House register