Milbrooke Construction Limited (06326999): administration
- Status
- Administration ended
- Administration began
- 2017-04-28
- Incorporated
- 2007-07-27
- Location
- Leeds
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Cash flow / liquidity pressure
- Loss-making contracts / project overruns
- Funding withdrawn / unable to refinance
- Property / lease costs
- Supply chain disruption
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 27 July 2007 with Timothy Hanley being appointed as director, the Company also commenced trading in 2007.
On 13 October 2008, Anthony Coard was appointed as director and along with Timothy Hanley they remain as the current directors of the Company (“the Directors”).
In the first year of trading the Company achieved a turnover of £800,000 with net profits of approximately £150,000. In the second year of trading the Company grew to six employees after building a positive reputation for the work they did. The strong reputation presented the Company with more opportunities to carry out construction works.
Administrators' statement of proposals (2017-07-04) · Companies House register