GPC Cumbria Limited (06709698): administration
- Status
- Administration ended
- Administration began
- 2025-02-21
- Incorporated
- 2008-09-29
- Location
- Carlisle
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated as GPC Cumbria Limited ("the Company”) on 29 September 2008 and commenced trading shortly thereafter. On incorporation, the director was Graeme Park. There have been no changes in directors or ownership.
The Company specialised in the installation of subsea cables. The Company was initially funded out of retained profits and the business grew steadily over several years.
The director has advised that the Company began experiencing financial difficulties when it incurred two historic bad debts, each amounting to over £350,000. Following this, the Company became heavily reliant upon one customer, who then disputed a debt owed for in excess of £1,200,000.
Administrators' statement of proposals (2025-04-15) · Companies House register