S M Roofing Contracts Limited (05455402): administration
- Status
- Administration ended
- Administration began
- 2022-09-07
- Administrators
- Kirstie Jane Provan, Gary Paul Shankland
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2005-05-18
- Location
- London
- Industry
- 43910 Roofing activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Management failings / irregularities
- Parent or group failure
- Over-expansion / investment not recovered
- Competition / price pressure
From the administrators' statement
The Companies formed part of a group of companies known as the Avonside Group (“the Group”) which predominantly comprises of roofing companies, as well as a small number of other entities providing plumbing and renewable energy services.
The ultimate parent of the Group is Burke Investments Ltd (“Burke”) which is sole shareholder of Avonside Group Services Ltd (“AGSL”). AGSL has 17 direct subsidiaries, of which three of these subsidiaries have one further subsidiary.
The Group was formed in 1987, originally trading as Lee Roofing, where the core business was the provision of roofing expertise for new house building, a sector which at that time offered rapid growth and expansion working for blue-chip developers across the country.
Administrators' statement of proposals (2022-09-20) · Companies House register