Avonside Group Services Limited (06591179): administration
- Status
- Administration ended
- Administration began
- 2022-09-07
- Administrators
- Kirstie Jane Provan, Gary Paul Shankland
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2008-05-13
- Location
- London
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Parent or group failure
- Cash flow / liquidity pressure
- Management failings / irregularities
- Over-expansion / investment not recovered
- Competition / price pressure
From the administrators' statement
The Company acted as a non-trading company and formed part of a group of companies known as the Avonside Group (“the Group”) which predominantly comprises of roofing companies, as well as a small number of other entities providing plumbing and renewable energy services.
The ultimate parent of the Group is Burke Investments Ltd (“Burke”) which is the sole shareholder of the Company. The Company has 17 direct subsidiaries, of which three of these subsidiaries have one further subsidiary. Avonside Energy Limited (“AEL”) was one of the direct subsidiaries.
The Group was formed in 1987, originally trading as Lee Roofing, where the core business was the provision of roofing expertise for new house building, a sector which at that time offered rapid growth and expansion working for blue-chip developers across the country.
Administrators' statement of proposals (2022-09-23) · Companies House register