Downend Builders Construction Limited (06642342): administration
- Status
- Administration ended
- Administration began
- 2013-09-04
- Administrators' firm
- Houghton Stone Business Recovery
- Incorporated
- 2008-07-09
- Location
- Hambrook
- Industry
- 41100 Development of building projects
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
The directors of the business have provided a history as follows,
“The company was tncorporated on 9 July 2008 and commenced trading in September 2008 The company carried out numerous contracts in and around Bnstol and Bath The main interest was general construction, refurbishment and some new builds The company was funded by prompt payments and a small overdraft facility from the company’s bankers
The company was regularly used by a number of firms and the company would tender against other preferred contractors These contracts varied in size from £5,000 to £700,000 and all contracts were based on regular interim payments as set out by the contract being used
Administrators' statement of proposals (2013-10-30) · Companies House register