MK Contractors Limited (05434240): administration
- Status
- Administration ended
- Administration began
- 2017-08-14
- Administrators
- Richard Paul James Goodwin, Roderick Graham Butcher
- Administrators' firm
- Butcher Woods
- Incorporated
- 2005-04-25
- Location
- Birmingham
- Industry
- 41100 Development of building projects
Why it went into administration
- Loss of a key customer, supplier or contract
- Over-expansion / investment not recovered
- Bad debts / customer insolvency
From the administrators' statement
The company was formed on 25 April 2005 and has been trading as a building contractor since this date. Michelle Hunt is the sole director and has been the only acting director since incorporation. The company is a wholly owned subsidiary of Stella Holdings Limited.
The company has operated from a number of premises over the years, but has been at the current premises at Olive Lane, Halesowen since March 2013.
The company grew steadily until 2014. Since then there has been a period of rapid growth in turnover. This coincided with a significant expansion of the workforce and the introduction of an additional tier of management. The management team was expanded to include three in house project managers and a quantity surveyor. The workforce was also expanded to include more tradesmen. At its peak in early 2016 the total number of employees was 24. This has now reduced significantly to 7 employees.
Administrators' statement of proposals (2017-10-11) · Companies House register