West Kent Hire Company Limited (06777247): administration
- Status
- Administration ended
- Administration began
- 2013-01-07
- Administrators' firm
- Traverse Advisory
- Formerly
- West Kent Construction Services Limited; Phco242 Limited
- Incorporated
- 2008-12-19
- Location
- Tunbridge Wells
- Industry
- 43390 Other building completion and finishing
From the administrators' statement
The Company made a net profit of £67 7k in the year to March 2011, with net reserves of £102 9k From Autumn 2011 the Company was engaged in two principal contracts, with a total contract value of approximately £1 4m The Company’s trading difficulties were attributable to a number of contnbuting factors The extremely wet spring of 2012, the sharp increase in cost of building supplies, and a number of specific issues with material defects, all exacerbated the Company’s cash flow, with monies due to the Company being either significantly delayed or withheld altogether By late December 2012 the Company had reached a position where there was no more cash in the business
On 19 December 2012 an application for the appointment of an Administrator was made by the directors, pursuant to Paragraph 22 of Schedule B1 of the Insolvency Act 1986, and on 7 January 2013 | was appointed Administrator
Administrators' statement of proposals (2013-03-01) · Companies House register