Hayward & Barrett Civil Engineering & Construction Ltd (06631962): administration
- Status
- Administration ended
- Administration began
- 2013-04-02
- Administrators
- Alan John Clark
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2008-06-27
- Location
- Iiford
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Sustained trading losses
- Competition / price pressure
- Weather / natural events
From the administrators' statement
On 27 June 2008 the company was incorporated and commenced trading immediately as a groundwork and civil engineering company.
The company traded satisfactorily for many years working on a sub contractor basis. However over the last 12 months the director's have noticed that the market has become ultra competitive and contracts have become more difficult to gain. Not only has new work been harder to achieve but difficulties in agreeing final accounts on contracts has led to the company accepting less than due just to bring cash into the company.
During early 2013 the poor weather conditions experienced across the country stopped the undertaking of any work for a number of months. With no funds coming into the company during this period lrabilities started to accrue.
Administrators' statement of proposals (2013-06-06) · Companies House register