Create Construction Limited (05752195): administration and why it failed

Create Construction Limited (05752195): administration

Status: Administration ended
Administration began: 2021-10-27
Administrators: James Miller, Christopher Ratten
Administrators' firm: RSM
Incorporated: 2006-03-22
Location: Manchester
Industry: 41201 Construction of commercial buildings

Why it went into administration

COVID-19
HMRC / tax arrears
Creditor pressure / legal action
Cash flow / liquidity pressure
Sustained trading losses

From the administrators' statement

Relevant extracts from the Company’s audited financial statements and management accounts are summarised below.

£000

12 month 18 month 12 month

Administrators' statement of proposals (2021-12-29) · Companies House register

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Balance sheet: assets, liabilities, working capital and net assets
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Create Construction Limited (05752195): administration

Why it went into administration

From the administrators' statement

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Create Construction Limited (05752195)