GM Environmental Services Limited (05945539): administration
- Status
- Administration ended
- Administration began
- 2017-02-17
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2006-09-25
- Location
- Preston
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
From the administrators' statement
GM Environmental Services Limited was established in 2006, primarily as a specialist provider of asbestos removal services across the Midlands area. The Company subsequently undertook building maintenance and roofing work.
The Company acquired a contract to become the main provider of building maintenance services to Nottingham City Council.
During the tater years of trade the Company obtained a large contract (hereinafter referred to as “Project A’) as part of a significant Council development in Northampton. Project A involved a main contractor and several sub-contractors. The Company believes there was poor management of the overall contract which led to delays and works not being completed as anticipated. In the meantime, significant extra costs were incurred over and above the agreed price of the contracted works.
Administrators' statement of proposals (2017-04-27) · Companies House register