Proma Construction Management Limited (07042685): administration
- Status
- Administration ended
- Administration began
- 2024-04-08
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2009-10-14
- Location
- Manchester
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
- Parent or group failure
From the administrators' statement
« Impact of COVID-19 and the associated delays across the projects and the applicable penalty charges that came with being late.
= Impact of the war in the Ukraine and the associated material price increases seen across the construction sector raising the price of materials.
* — Soaring inflation and the material and labour price increases in the last three years.
Administrators' statement of proposals (2024-06-05) · Companies House register