CGP Realisations Limited (05925063): administration
- Status
- Administration ended
- Administration began
- 2011-06-13
- Administrators' firm
- Begbies Traynor
- Formerly
- CGP Realisations. Limited; C.G. Pitcher & SON Ltd.
- Incorporated
- 2006-09-05
- Location
- Salisbury
- Industry
- 4545
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Weather / natural events
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
- Management failings / irregularities
From the administrators' statement
The Administrators’ statement of proposals for achieving the purpose of the administration which will be sent to creditors in due course will provide detatted information in relation to the Company However, to assist creditors who may have a limited understanding of the Company and its affairs to better understand the reasons for the pre-packaged sale, we have provided certain background information at this stage
The Company's business ts construction, ranging from day to day maintenance, house extensions and alterations to large construction projects and they are a well known local family fim The company has traded for over an hundred years and had recently built its turnover to £5m employing forty two staff Ten staff are office based and the remainder site based
The reasons for the Company’s insolvency
Administrators' statement of proposals (2011-07-19) · Companies House register