Chapman Engineering Services Limited (06762240): administration
- Status
- Administration ended
- Administration began
- 2015-08-03
- Administrators
- Paul Robert Boyle, Thomas Bowes
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Incorporated
- 2008-12-01
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
Unfortunately during September 2014 the Company suffered a bad debt of £40,000. The Company built a stainless steel packaging machine for use in the poultry industry for one of tts customers. Unfortunately whilst it is understood that the end user paid the Company's customer for the machine, the customer has not settled its debt due to the Company. GC instructed lawyers to pursue this debt however the customers’ non-payment effected the Company’s cash flow.
The Company expertenced further problems when GC instructed the same customer referred to above to project manage a new job Having not realised the customer had yet to settle tts account, the Company paid it £35,000 in respect of the project management services. However It subsequently
transpired that the work had not been completed correctly which resulted in the Company contracting with an alternative project manager to complete the job, costing the Company a further £38,000
Administrators' statement of proposals (2015-08-18) · Companies House register