Britannia Site Solutions Limited (07091431): administration
- Status
- Administration ended
- Administration began
- 2022-09-14
- Administrators
- Conrad Alan Beighton, Joph Young
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2009-12-01
- Location
- Birmingham
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- COVID-19
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 1 December 2009, but did not proceed to trade until May 2012, providing roofing and cladding to various customer building sites across the UK. It had historically operated profitably with turnover approaching c£9m.
The Company traded well and enjoyed a strong portfolio of clients generating profits into early 2020. Unfortunately, immediately following the Covid outbreak, the UK went into lockdown and the Company's trading operations significantly reduced.
In addition to this, following the UK leaving the European Union, supplies and general building materials costs had increased significantly. During the last 12 months, the Company was close to paying double the standard costs of what they have been paying for supplies in previous years.
Administrators' statement of proposals (2022-11-18) · Companies House register