ME Construction Limited (06280807): administration
- Status
- Administration ended
- Administration began
- 2023-03-23
- Administrators' firm
- FRP Advisory
- Formerly
- ME Construction PLC
- Incorporated
- 2007-06-15
- Location
- Leicester
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Rising costs / inflation
- Sustained trading losses
- COVID-19
From the administrators' statement
The Company, incorporated on 15 June 2007, operated as construction contractors completing both residential and commercial projects for the healthcare, education, heritage and conservation sectors.
Employing 24 members of staff and operating from premises at Unit 2, 9 Bell Yard Mews, London, SE1 3UY the Company carried out the majority of its activities within the M25. The Company also provided vehicles and plant and machinery to the Wider Group on a recharge basis.
In 2019 the Company’s turnover was £23.3m, generating net profits of £1.3m, In 2020 turnover fell by 35% to £15.2m resulting in net profit of £248k. This reduction was predominantly as a result of delays due to the impact of Covid-19, most notably on projects for the NHS.
Administrators' statement of proposals (2023-05-18) · Companies House register