APH Builders Limited (06735553): administration
- Status
- Administration ended
- Administration began
- 2012-02-17
- Administrators
- David Richard Thorniley
- Administrators' firm
- Traverse Advisory
- Incorporated
- 2008-10-28
- Location
- Tunbridge Wells
- Industry
- 41100 Development of building projects
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
In 2011 the Company experienced increased trading difficulties arising from increased overheads, in particular fuel, insurance and maternal costs Cash flow pressures were compounded by reduced margins on contracts, late payments from debtors, and postponements and cancellations on the order book because of the uncertain nature of the economy
By January 2012 the Company was on stop with a number of Its key suppliers, and had taid off a number of employees, and had reached a position where there was no more cash in the business
On 6 February 2012 an application for the appointment of an Administrator was made by the director, pursuant to Paragraph 22 of Schedule B1 of the Insolvency Act 1986, and on 17 February 2012 | was appointed Administrator
Administrators' statement of proposals (2012-04-16) · Companies House register