Country & Coast Homes Limited (06841026): administration
- Status
- Administration ended
- Administration began
- 2018-08-22
- Administrators
- Michael Colin John Sanders, Adrian Paul Dante
- Administrators' firm
- MHA
- Formerly
- CNJL Services Ltd
- Incorporated
- 2009-03-09
- Location
- Maidstone
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Cash flow / liquidity pressure
- Over-expansion / investment not recovered
From the administrators' statement
The following history has been formed from information provided by the Directors and the statutory information at Companies House.
Country & Coast Homes Limited (“the Company”) was incorporated on 9 March 2009. The Directors Nicola Dodge and Christopher Dodge were appointed on 9 March 2009 and 12 December 2014 respectively. The Company was originally incorporated as CNJS Services Ltd. The Company traded from 44 Durley Road, Seaton, Devon, EX12 2HR and its principal trading activity was the construction of domestic buildings in the South West region.
The Company was initially funded by the Directors who invested circa £100,000 together with an overdraft facility with Barclays Bank Plc. The profits made were retained in the Company to allow growth. The Company's average size contract was initially between £300,000 - £600,000, growing to £1,200,000 - £1,500,000 in the last couple of years. The Company’s rapid growth meant that an increase of the overdraft was sought from National Westminster Bank Ple of £50,000.
Administrators' statement of proposals (2018-10-24) · Companies House register