# Berry Piling Systems Limited (05488695)

> Why UK company 05488695 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05488695

- **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

- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency

## 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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05488695/filing-history/MzA1ODc0NjM2MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05488695

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.