Dobuild Direct Ltd (05775143): administration
- Status
- Administration ended
- Administration began
- 2013-12-02
- Administrators' firm
- Antony Batty
- Incorporated
- 2006-04-10
- Location
- London
- Industry
- 46130 Agents involved in the sale of timber and building materials
Why it went into administration
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
Background DoBuild was incorporated on 10 April 2006 and started trading tn 2007 as a website based
builders’ merchant, acting as an agent selling building materials Online via a network of suppliers who delivered direct to the customers At this time, no stock was required and by 2009, the business was based In a small sales office with four staff, including the Founding director
In 2010, the bustness opened its first bullders' merchant site in Reigate (stock holding site), where the business turned into a proper builders’ merchant, whilst still trading online In the year ended 30 May 2011turnover was around £2 milllon The Company’s internet model was based on cash customers, however the stock holding yard meant that credit customers had to be taken on
Administrators' statement of proposals (2013-12-17) · Companies House register