Kingfisher Resources Management Ltd (05440050): administration
- Status
- Administration ended
- Administration began
- 2016-08-05
- Administrators' firm
- Mazars
- Formerly
- Kingfisher Civils Ltd; Armstrong TAX Services Ltd
- Incorporated
- 2005-04-29
- Location
- Bristol
- Industry
- 42120 Construction of railways and underground railways
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Sustained trading losses
- Parent or group failure
- Competition / price pressure
From the administrators' statement
Having been incorporated in April 2005, the Company specialised in civil engineenng projects and normally operated as a sub-contractor on large infrastructure proyects The Company was incorporated under the name Armstrong Tax Services Limited, but changed its name to Kingfisher Civils Limited on 30 September 2005 The Company changed its name a further and fina! time on 5 December 2005, settling as Kingfisher Resources Management Limited
The Company’s registered and head, office was the Company’s serviced office in Bristol, Aztec West The Company’s primary trading address, where the majority of its seventy staff were located, was, however, in Doncaster
The Company had seen a significant increase in turnover, rising from £2,552,524 in 2014 to £7,020,344 in 2015 and, according to the Company’s director, in order to meet this increased demand, the Company had ‘geared up’, taking on a number of additional staff and acquiring additional equipment
Administrators' statement of proposals (2016-10-11) · Companies House register