RYE Demolition Limited (05755522): administration and why it failed

RYE Demolition Limited (05755522): administration

Status: In administration
Administration began: 2024-02-15
Administrators: Ian Lawrence Goodhew, Abigail Shearing
Administrators' firm: Contract Recovery Solutions
Incorporated: 2006-03-24
Location: London
Industry: 43110 Demolition

Why it went into administration

COVID-19
Creditor pressure / legal action
Bad debts / customer insolvency
Loss-making contracts / project overruns
Property / lease costs

From the administrators' statement

3.1

3.2

3.3

Administrators' statement of proposals (2024-04-17) · Companies House register

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RYE Demolition Limited (05755522): administration

Why it went into administration

From the administrators' statement

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RYE Demolition Limited (05755522)