Jehu Group Limited (06753941): administration
- Status
- Administration ended
- Administration began
- 2022-10-28
- Administrators
- Katrina Jane Orum, Huw Powell, Paul David Wood
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2008-11-20
- Location
- Cardiff
- Industry
- 41100 Development of building projects
Why it went into administration
- Rising costs / inflation
- COVID-19
- HMRC / tax arrears
- Sustained trading losses
- Loss-making contracts / project overruns
- Supply chain disruption
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 20 November 2008 and its main activity was the provision of head office and support services to other members of the Jehu group of Companies, including Jehu Project Services Limited (“UPS”), Waterstone Homes Limited (“Waterstone Homes”), Jehu Civils Limited (“Civils”), Waterstone Estates Limited (“Waterstone Estates”), Abode Waterstone Ltd (“Abode”) and other subsidiaries (together “the Group”).
The Group operated from headquarters at Number One, Waterton Park, Bridgend, across multiple service lines within construction including both affordable residential for Registered Social Landlords (“RSLs”) and private residential, commercial, leisure & retail, health care and education and civils.
The Group’s direct employee numbers varied, but it typically employed in excess of 100 staff and turnover was c£60-70m per year. At the date of our appointment, the Company employed 38 staff, including the current directors, though a high degree of interdependency existed, with employees of the Group working across the different entities. This extended to financial interdependency, including the use of common funding facilities and the Group also used common customers, sub-contractors, and suppliers. Although the cost of services was recharged across the Group at various times, in practice, no single entity could operate without the others.
Administrators' statement of proposals (2022-12-15) · Companies House register