companydig

Berry Piling Systems Limited (05488695): administration

Status
Administration ended
Administration began
2012-05-14
Administrators' firm
Axiom Recovery
Formerly
Mailwave Limited
Incorporated
2005-06-23
Location
London
Industry
4512

Why it went into administration

From the administrators' statement

The Company was incorporated on 23 June 2005 and successfully traded through 2006, 2007 and 2008 with turnover values of £18m, £217m and £3 8m respectfully At the peak of trading the number of employees was approximately 37 However in late 2008 the Company entered into a £320,006 project and during the completion of the project, pile testing revealed severe flaws In the pile designs and despite a settlement being reached, the Company had to

endure in excess of £350,000 worth of direct costs to rectify the piling works and satisfying the chent

This obviously had a devastating effect on the Company's cash flow An agreement was eventually reached on the final account for the sum of £250,060 and not the £650,000 the

Administrators' statement of proposals (2012-06-07) · Companies House register

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Processing now

Recently viewed & analysed

Loading…

Berry Piling Systems Limited (05488695)

Export CSV