D W Price Groundworks Limited (05901467): administration
- Status
- Administration ended
- Administration began
- 2016-07-21
- Administrators' firm
- Antony Batty
- Incorporated
- 2006-08-09
- Location
- London
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Rising costs / inflation
- Cash flow / liquidity pressure
From the administrators' statement
D W Price Groundworks Limited (“DWP") was founded in 2006 by David Price to offer a groundwork service to contractors and developers in the Bournemouth area
The Company carried out groundwork projects on a supply and fix bass and its projects included housing, schools, hospital work, new build and refurbishment works The company became established and received work from repeat customers
In Apri 2016, DWP was awarded a contract in Romsey to install drainage, roads and substructures for fourteen houses The Company commenced the work on 4 April as instructed, with four men, two excavators and two 10 tonne dumpers on site Within a week the Company was instructed to stop work as tt appeared that the some planning conditions had not discharged by the client Further delays were encountered and then changes to the drain design required excavation at greater depth
Administrators' statement of proposals (2016-08-26) · Companies House register