# Proma Construction Management Limited (07042685)

> Why UK company 07042685 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07042685

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07042685/filing-history/MzQyMzY2ODQzM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07042685

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.